Respuesta :
Explanation:
Basic checking account: C) does not earn interest and has a low minimum balance requirement
Interest-bearing checking account: B) earns interest and allows unlimited ATM use
Savings account: D) restricts access to funds through withdrawals
Money market deposit account: A) pays higher interest than a savings account
The correct matching of the different account types are:
- Basic checking account- Both does not earn interest and has a low minimum balance requirement.
- Interest-bearing checking account -Both earns interest and allows unlimited ATM use.
- Savings account -Both restricts access to funds through withdrawals.
- Money market deposit account - pays higher interest than a savings account.
What Is a Checking Account?
A checking account is a deposit account with a bank or other financial firm that allows the holder to make deposits and withdrawals.
Checking accounts are very liquid, allowing for numerous deposits and withdrawals, as opposed to less-liquid savings or investment accounts.
The tradeoff for increased liquidity is that checking accounts don't offer holders much, if any, interest.
Money can be deposited at banks and via ATMs, through direct deposit or other electronic transfer; account-holders can withdraw funds via banks and ATMs, by writing checks, or using electronic debit or credit cards paired with their accounts.
It's important to keep track of checking account fees, which are assessed for overdrafts, writing too many checks and—at some banks—allowing the account balance to drop below a required minimum.
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