Question

match the following types of bank accounts with their key features. fixed interest rates, early withdrawal penalties, various term lengths. interest rates, typically unlimited transactions, no debit card. designed for everyday transactions, no transaction limits, debit cards, online bill pay, overdraft protection. competitive interest rates, transactions limited to 6 times per month, check writing privileges. 1. checking account 2. savings account 3. money market account 4. certificates of deposit (cds)

Explanation:

1. Certificates of Deposit (CDs) have fixed interest rates, early - withdrawal penalties, and various term lengths. Checking accounts are for everyday transactions with no transaction limits, debit cards, etc. Savings accounts typically have interest rates and may have no debit card in some cases. Money Market Accounts offer competitive interest rates with transaction limits and check - writing privileges.

Answer:

1. Fixed interest rates, early withdrawal penalties, various term lengths - 4. Certificates of Deposit (CDs)
2. Interest rates, typically unlimited transactions, no debit card - 2. Savings Account
3. Designed for everyday transactions, no transaction limits, debit cards, online bill pay, overdraft protection - 1. Checking Account
4. Competitive interest rates, transactions limited to 6 times per month, check writing privileges - 3. Money Market Account