BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

FINANCIAL MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
____ :a bank account that allows you to access the money in your bank account by writing checks . It’s the account that you will use to pay your bills.
A
Savings Account
B
Loan
C
Checking Account
D
Budget
Explanation: 

Detailed explanation-1: -Checking account: A checking account offers easy access to your money for your daily transactional needs and helps keep your cash secure. Customers can typically use a debit card or checks to make purchases or pay bills.

Detailed explanation-2: -There are numerous options to access your funds, such as using a debit card, online banking, writing a check or withdrawing money at an ATM or a branch office. Checking accounts can offer a variety of features and fees that differ from bank to bank. Make sure you review carefully to choose one that fits your needs.

Detailed explanation-3: -What are the different types of checking accounts? Some of the different types of checking accounts are regular (basic) checking accounts, premium checking accounts, student checking accounts, senior checking accounts, interest-bearing accounts, business checking accounts, and rewards checking accounts.

Detailed explanation-4: -A money market account is an interest-bearing savings product available at most banks and credit unions. You can usually write checks from it and may get a debit card.

Detailed explanation-5: -A checking account is a type of bank account that allows both withdrawals and deposits. These accounts can be accessed in several ways, including checks, debit cards, and ATMs and can be opened with no minimum deposit or for a small minimum deposit, depending on the type of account.

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