3
AssignmentMultiple Choice

Banking: How to Manage Your Money

Question 3 • * HSA 26-27 Economics

Lupe wants an account into which she can deposit her paychecks.She also wants to use the money in her account to pay for her expenses.Which type of account is most likely best for her?

Answer
A
CD
B
checking account
C
savings account
D
money market account

Explanation

A checking account is designed for everyday use: Lupe can deposit her paychecks and pay expenses using a debit card, checks, or electronic payments. A CD is meant to hold money for a set period, while savings and money market accounts are generally used more for saving than frequent spending.

AI-written and checked against the verified answer.

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