12
QuizMultiple Choice

Globalization and International Trade — Unit test

Question 12 • EA Academy Civics 9

Which statement best describes the difference between a checking account and a savings account?

Answer
A
Checking accounts provide customers with interest, while savings accounts do not.
B
Checking accounts are held only by businesses and savings accounts only by individuals.
C
Checking accounts allow customers to easily pay for goods and services, while savings accounts are used to hold money for longer periods of time.
D
Checking accounts require customers to go into a bank branch, while savings accounts are accessed by customers on their mobile phones or computers.
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