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Questions and Answers
Which type of bank account allows you to write checks and transfer money?
Which type of bank account allows you to write checks and transfer money?
- Savings account
- Credit card account
- Checking account (correct)
- Investment account
What should you consider when determining the type of checking account you need?
What should you consider when determining the type of checking account you need?
- The bank's location
- The bank's customer service
- The bank's online banking features
- The bank's interest rates (correct)
What is one advantage of a traditional brick-and-mortar bank?
What is one advantage of a traditional brick-and-mortar bank?
- Lower fees
- Convenient online banking
- Personalized service (correct)
- Higher interest rates
What is one advantage of an online checking account?
What is one advantage of an online checking account?
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What type of identification is required when applying for a checking account in person?
What type of identification is required when applying for a checking account in person?
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