Question

Which statement is true?

- A checking is account is where you want to keep all of your money for spending and saving,
-A checking account is where you want to keep your spending money and a savings account is
where you want to keep your savings
-A checking account is where you want to keep your savings and a savings account is where you
want to keep your spending money,
A savings account is where you want to keep all of your money for spending and saving.

Answer 1

Answer: B

Explanation:

Checking accounts are used for spending. Savings limit your withdraws and give you some money back in a small % interest, typically at the end of a year term.

Answer 2

B

Step-by-step explanation: The checking account is the account that you write checks out of, and the savings account is self explanatory, you put your savings there