Question

question 1 of 4
what is the benefit of a checking account?
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 debit cards, writing checks) to spend money without physical cash, which is a key benefit.
• Option C: Spending now and paying later is a credit card feature, not a checking account.
• Option D: Checking accounts are not for investment to gain returns; investment accounts or instruments are for that.

Answer:

B. It helps you spend money without carrying cash.