which statement best describes the difference between a checking account and a savings account?\nchecking…

which statement best describes the difference between a checking account and a savings account?\nchecking accounts provide customers with interest, while savings accounts do not.\nchecking accounts are held only by businesses and savings accounts only by individuals.\nchecking accounts allow customers to easily pay for goods and services, while savings accounts are used to hold money for longer periods of time.\nchecking accounts require customers to go into a bank branch, while savings accounts are accessed by customers on their mobile phones or computers.

which statement best describes the difference between a checking account and a savings account?\nchecking accounts provide customers with interest, while savings accounts do not.\nchecking accounts are held only by businesses and savings accounts only by individuals.\nchecking accounts allow customers to easily pay for goods and services, while savings accounts are used to hold money for longer periods of time.\nchecking accounts require customers to go into a bank branch, while savings accounts are accessed by customers on their mobile phones or computers.

Answer

Brief Explanations:

Checking accounts are for daily - use transactions like paying for goods and services. Savings accounts are meant for storing money over longer periods to earn interest and save for future goals.

Answer:

Checking accounts allow customers to easily pay for goods and services, while savings accounts are used to hold money for longer periods of time.