Question

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? \bigcirc cd \bigcirc checking account \bigcirc savings account \bigcirc money market account

Explanation:

A CD (Certificate of Deposit) has restrictions on withdrawals and is for saving with fixed terms. A savings account is mainly for saving money and has limited transaction capabilities for daily expenses. A money market account has some checking features but is still more for saving. A checking account is designed for frequent deposits (like paychecks) and withdrawals (for expenses) with easy access to funds for daily transactions. So Lupe's needs of depositing paychecks and paying expenses match a checking account.

Answer:

B. checking account