BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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____ is an account where you deposit money to have on hand for day-to-day expenses and for paying bills.
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Savings Account
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Checking Account
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IRA
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Money Market
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Explanation:
Detailed explanation-1: -A checking account is a deposit account at a financial institution that allows for withdrawals and deposits of cash. Checking accounts serve as a person’s primary day-to-day resource of funds, where cash can be withdrawn or deposited and various payments can be made.
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