Question

question 5 of 10
a ____ is a type of account that pays zero or low interest on the money deposited.
a. certificate of deposit
b. checking account
c. savings account
d. money market account

Explanation:

Checking accounts are designed for frequent transactions (like deposits, withdrawals, payments) and typically offer zero or very low interest rates. In contrast, certificates of deposit, savings accounts, and money market accounts are structured to earn higher interest on deposited funds.

Answer:

B. checking account