lupe wants an account into which she can deposit her paychecks. she also wants to use the money in her…

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? cd checking account savings account money market account

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? cd checking account savings account money market account

Answer

Brief Explanations:

A checking account allows for easy deposit of paychecks and convenient use of funds for daily expenses through checks, debit - card transactions, etc. CDs have fixed - terms and early withdrawal penalties. Savings accounts are mainly for saving and may have limited transaction frequencies. Money market accounts also have some restrictions compared to checking accounts for frequent expense payments.

Answer:

B. checking account