which type of account usually earns interest? 19 checking savings credit debit
which type of account usually earns interest? 19 checking savings credit debit
Answer
Brief Explanations:
Savings accounts are designed to hold money for the long - term and banks use these funds for lending and other operations, so they pay interest to account - holders. Checking accounts are mainly for daily transactions and usually have little or no interest. Credit is a form of borrowing and debit is related to spending from a checking - like source, neither of which earn interest in the traditional sense for the account - holder.
Answer:
B. Savings