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QuizMultiple Choice

Banking: How to Manage Your Money — Quiz

Question 1 • Economics

Many checking accounts offer multiple ways of accessing money in addition to checks. Which of these can be used to access money in a checking account?

Answer
A
certificate of deposit
B
passbook
C
debit card
D
credit card

Explanation

A debit card can be linked to a checking account and used to withdraw cash or pay for purchases using the money in the account. A certificate of deposit is a separate savings product, a credit card borrows money, and a passbook is typically used to record transactions in a savings account.

AI-written and checked against the verified answer.

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