Question

question 1 of 8
what is the benefit of a checking account?
select a response.
○ it allows you to save money and earn interest.
○ it helps you spend money without carrying cash.
○ it allows you to spend money and pay the bill later.
○ it helps you invest money and gain a greater return.

Explanation:

• Option A: Saving money and earning interest is a feature of savings accounts, not checking accounts.
• Option B: Checking accounts enable transactions (like using checks, debit cards) to spend money without physical cash, which is a key benefit.
• Option C: Spending now and paying later is for credit cards, not checking accounts (checking uses available funds).
• Option D: Investing for greater returns is not a function of checking accounts (they are for day - to - day transactions).

Answer:

B. It helps you spend money without carrying cash.