Final answer:
An Individual account is designed for one person to have withdrawal and check writing privileges, distinguishing it from joint, trust, and business accounts which serve different purposes. Option B is the correct answer.
Step-by-step explanation:
The type of account that allows only one person to have the rights to withdraw money or write checks is a B) Individual account. This account type is specifically set up for one individual, granting them sole control over the funds and authorizations for transactions like withdrawals and check writing. In contrast, a joint account would involve multiple individuals with access rights, a trust account would be controlled by a trustee on behalf of a beneficiary, and a business account is used for company financial transactions.