109429
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Financial Literacy

Question 109429 • CCSD Personal Finance CP 25-26 (0.5)

If Kaitlyn decides to put her money in a bank account, she should choose a [___] account, as it pays a slightly higher interest rate.

Answer
A
savings
B
checking

Explanation

A savings account generally pays interest, while a checking account is mainly designed for everyday spending and usually pays little or no interest. Since Kaitlyn wants the slightly higher interest rate, she should choose a savings account.

AI-written and checked against the verified answer.

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