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Questions and Answers
Which of the following is not a common type of bank account?
Which of the following is not a common type of bank account?
- Savings account
- Investment account (correct)
- Retirement account
- Checking account
What is the primary purpose of some bank accounts mentioned in the text?
What is the primary purpose of some bank accounts mentioned in the text?
- To offer high-interest rates for long-term savings
- To offer easy access to investment opportunities
- To facilitate spending and bill payments (correct)
- To provide tax advantages for retirement savings
What makes checking accounts different from each other?
What makes checking accounts different from each other?
- They are only available at traditional brick-and-mortar banks
- They do not vary in terms of their offerings
- They may offer different features and benefits (correct)
- They all have the same features and benefits
What can help in deciding where to keep your money, according to the text?
What can help in deciding where to keep your money, according to the text?
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