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With the answer

Decide which account is best for each person.
Becky wants an account that will let her spend her money as much and as often as she needs.
Checking

Sanjay wants an account that will earn interest but still let him make withdrawals.
Savings

Neveah has some money she wants to save until she goes to college in two years. She wants an account that will earn a little more interest.
CD

User Chrisport
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2 Answers

6 votes

Answer:

C, B, A

Step-by-step explanation:

User Piranha
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3 votes

Becky wants an account that will let her spend her money as much and as often as she needs. - CHECKING ACCOUNT is the best since it allows her to spends as per her needs, but the downside is the she gets no interest

Sanjay - SAVINGS ACCOUNT. Since Sanjay wants some amount of interest and also withdrawal, the savings accounts suits him the best because here you get an interest and are also allowed withdrawals but not as often as with checking account

Neveah- Certificate of deposit (CD) - Since Neveah does not want to spend any money immediately and has a defined time frame of two years after which she wants to spend the money, a CD is best suited since this is a time deposit rather than a demand deposit

User Blair Davidson
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