Final answer:
Checking accounts serve as a home base for bill payments and emergency funds. They are linked to debit cards and have an account number for identification.
Step-by-step explanation:
Checking accounts are used as a home base to pay bills out of. They are linked to your debit card, allowing you to make purchases and withdraw cash. They typically have an account number, which is used for identification purposes. Additionally, checking accounts can be used as an emergency fund to keep money readily accessible.
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