Ask Question
BusinessBusiness
14 September, 08:31

What makes a checking account more conveniant than a savings account?

A. You pay smaller fees on a checking account

B. You earn more interest with a checking account.

C. You can use a credit card access your money 24 hours a day.

D. You can spend your money without having to withdraw cash first.

+3
Answers (2)
  1. 14 September, 09:33
    0
    "You can spend your money without having to withdraw cash first" makes a checking account more convenient that a savings account. The correct option in regards to the given question is option "D". In savings account it is never possible to spend money first without having to withdraw cash first. It is also not right to say that checking account holders earn more interest than a savings account holder. The checking account is simply like a current account and so there is no chance of earning more interest than the savings account. The checking account allows numerous withdrawals and unlimited deposits while this is not possible with a savings account.
  2. 14 September, 10:39
    0
    I agree = I would also go with D
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What makes a checking account more conveniant than a savings account? A. You pay smaller fees on a checking account B. You earn more ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
One can argue that the average American today is "richer" than the richest American 100 years ago, given that 100 years ago,
Answers (1)
Suppose you bought a 6 percent coupon bond one year ago for $950. the face value of the bond is $1,000. you sold the bond today for $994. if the inflation rate last year was 3.1percent, what was your total real rate of return on this investment?
Answers (1)
Diversification means - Options A strategy for company growth by starting up or acquiring businesses outside the company s current products and markets.
Answers (1)
How can a business save on premium paid to insurance companies while also mitigating risk effectively?
Answers (1)
In general, is it a good idea to make only minimum payments on your credit cards? No, the small payment requirement is mathematically guaranteed to keep you in debt for many years. Yes, this allows you more flexibility in your cash budget.
Answers (1)
New Questions in Business
Murphy Manufacturing estimated $100,000 in manufacturing overhead and 5,000 direct labor hours for 2016. Actual overhead for the year was $120,000 and 7,500 actual direct labor-hours were used.
Answers (1)
Under workers' compensation: a. the employee loses the right to litigation against the employer for covered incidents. b. employee fault controls compensation. c. injuries by fellow employees are not covered. d. none of the above
Answers (1)
Many theme parks charge an entrance fee and a per-ride fee equal to zero. This is an example of
Answers (1)
Kelton Inc. reported net credit sales of $310,000 for the current year. The unadjusted credit balance in its Allowance for Doubtful Accounts is $525. The company has experienced bad debt losses of 2% of credit sales in prior periods.
Answers (1)
Savings: $2,500 Discretionary spending: $450 per month What are the disadvantages of choosing the lease? Check all that apply. I do not have enough money for the down payment. I must make sure not to drive more than 10,000 miles a year.
Answers (2)
Home » Business » What makes a checking account more conveniant than a savings account? A. You pay smaller fees on a checking account B. You earn more interest with a checking account. C. You can use a credit card access your money 24 hours a day. D.
Sign Up Forgot Password?