Question

checking/debit accounts are a convenient way to keep track of your daily expenses.
what is a key benefit of having a checking/debit account?
choose 1 answer:
a they can limit withdrawals, which can make it easier to
save money.

b they have no minimum balance or direct deposit
requirements.

c they pay high interest.

d they make it easy to get paid and pay bills.

Explanation:

• Option A: Checking/debit accounts are for daily transactions, not primarily to limit withdrawals for saving (savings accounts are better for that).
• Option B: Many checking accounts do have minimum balance or direct deposit requirements, so this is incorrect.
• Option C: Checking accounts typically have low or no interest, while savings accounts pay interest.
• Option D: Checking/debit accounts allow direct deposits (to get paid) and easy bill payments (via debit cards, online banking), which is a key benefit.

Answer:

D. They make it easy to get paid and pay bills.