Question

"Typically operated with a plastic card, mobile app, or in a few cases by passbook" and "level of interest rate varies depending on both the balance of the account and the terms of the account" best describe which account type?

Option 1: Savings Account
Option 2: Fixed Deposit Account
Option 3: Checking Account
Option 4: Money Market Account

Answer 1

A checking account is typically operated with a plastic card, mobile app, or in a few cases by passbook. It facilitates transactions and may offer interest rates similar to a savings account.

Step-by-step explanation:

The account type that is typically operated with a plastic card, mobile app, or in a few cases by passbook is a Checking Account. It facilitates transactions by giving easy access to your money through check writing or by using a debit card. While a checking account typically pays little or no interest, some banks offer interest rates similar to a savings account if you keep a certain minimum amount in the account.