Answers Financial literacy Q2 - Brinkerhoff - 2000 - 202526 SpendingQuestion 2

2

QuizMultiple Choice

Spending

Question 2 • Financial literacy Q2 - Brinkerhoff - 2000 - 2025/26

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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