5
QuizMultiple Choice

Banking: How to Manage Your Money (CFA3)

Question 5 • Financial literacy Q2 - Brinkerhoff - 2000 - 2025/26

Many checking accounts offer multiple ways of accessing money in addition to checks. Which of these can be used to access money in a checking account?

Answer
A
debit card
B
credit card
C
certificate of deposit
D
passbook

Explanation

A debit card can be used to spend money directly from a checking account, such as for purchases or ATM withdrawals. A credit card borrows money that must be repaid, while a certificate of deposit and a passbook are not ways to access checking-account funds.

AI-written and checked against the verified answer.

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