Answer:
The type of account that would BEST benefit Susan, who recently graduated from college and is starting her first job, is a free checking account.
Step-by-step explanation:
Here's why:
1. Accessibility and Convenience: A free checking account typically offers features that align with Susan's needs, such as direct deposit for her paychecks, the ability to write checks, and the option to pay bills online. These features make managing her finances more convenient and efficient.
2. No Fees: A free checking account, as the name suggests, does not charge monthly maintenance fees or require a minimum balance. This is beneficial for Susan, as she currently does not have any money to invest. It allows her to use her funds for other essential expenses without worrying about incurring additional costs.
3. Flexibility: A free checking account provides Susan with the flexibility to access her money as needed. This can be particularly helpful during her transition into her first job, as she may have various financial obligations and expenses to manage.
While other account options, such as a money market account or a joint checking account, may have their advantages, a free checking account is the most suitable choice for Susan given her current financial situation and specific needs as a new graduate starting her first job.