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Which of the following statements are true about checking accounts: (select all that apply) A:Some checking accounts require a low minimum balance to avoid maintenance fee. B:You can easily withdraw funds from a checking account. c:There are many types of checking accounts. d:A Money Market account can be a type of a checking account. None of the checking accounts earn interest. e:Some checking accounts allow for join use. f:Even if you open a free checking account, a bank can charge penalties on the account. g:All checking accounts are free of restrictions and fees.

Respuesta :

Answer:

The correct options are;

B. You can easily withdraw funds from a checking account

C. There are many types of checking accounts

E. Some checking account allow for joint use

F. Even if you open a free checking account a bank can still charge penalties on the account

Step-by-step explanation:

A checking, also known as transactional accounts or demand account is an account into which a bank costumer can deposit money and also withdraw from the money from the account. The high liquid nature of checking account makes it easier to access the account for transactions, and the checking account can also be accessed through automated teller machines, electronic debit cards and checks as well as other methods.

Types of checking accounts include;

1) Regular checking account

2) Premium checking account

3) Free checking account

4) Low-balance account

5) Interest- bearing checking account

6) Second-chance checking account

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