Answers CPS Online Personal Finance fall – 3-2027 Banking: How to Manage Your MoneyQuestion 9

9

QuizMultiple Choice

Banking: How to Manage Your Money

Question 9 • ***CPS Online Personal Finance fall – 3-2027

Which of these is an advantage of checking accounts?

Answer

A

Checking accounts prevent the customer from having overdraft fees.

B

Checking accounts allow convenient ways to deposit or withdraw funds.

C

Checking accounts are processed immediately so customer and bank records always match.

D

Checking accounts offer limited checks but offer higher rates of interest.

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