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Mastering Checking Accounts

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Questions and Answers

Which type of account is typically used for day-to-day spending and paying bills?

Checking account (correct)

Savings account

Money market account

Certificate of deposit account

What type of account is meant to help you grow your money or set aside funds for a specific goal?

Savings account (correct)

Checking account

Money market account

Certificate of deposit account

Which type of account offers the debit card and check-writing features of a checking account with the interest-bearing nature of a savings account?

Savings account

Checking account

Certificate of deposit account

Money market account (correct)

Which type of account offers a higher interest rate than a traditional savings account, but requires you to leave your money untouched for an agreed upon time?

Certificate of deposit account Signup and view all the answers

What happens if you withdraw your funds before the term is done in a certificate of deposit (CD) account?

You need to pay an early withdrawal fee Signup and view all the answers

Which type of account allows you to easily access your money with a debit card, ATM, or check?

Checking account Signup and view all the answers

Which type of account offers higher interest rates than a traditional savings account?

Certificate of deposit account Signup and view all the answers

Which type of account is a cross between a checking and a savings account?

Money market account Signup and view all the answers

Which type of account is meant to help you grow your money or set aside funds for a specific goal?

Savings account Signup and view all the answers

Which type of account requires you to leave your money untouched for an agreed upon time?

Certificate of deposit account Signup and view all the answers

Mastering Checking Accounts

Choose a study mode

Podcast

Questions and Answers

Which type of account is typically used for day-to-day spending and paying bills?

What type of account is meant to help you grow your money or set aside funds for a specific goal?

Which type of account offers the debit card and check-writing features of a checking account with the interest-bearing nature of a savings account?

Which type of account offers a higher interest rate than a traditional savings account, but requires you to leave your money untouched for an agreed upon time?

What happens if you withdraw your funds before the term is done in a certificate of deposit (CD) account?

Which type of account allows you to easily access your money with a debit card, ATM, or check?

Which type of account offers higher interest rates than a traditional savings account?

Which type of account is a cross between a checking and a savings account?

Which type of account is meant to help you grow your money or set aside funds for a specific goal?

Which type of account requires you to leave your money untouched for an agreed upon time?

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