Asked by julie
Which of the following is not something that you could do with a normal checking account?
a.
Deposit cash into your account.
b.
Demand in writing that money be paid to another person from your account.
c.
Give permission to a merchant to demand money from your account.
d.
Make purchases or get cash now, and pay back the bank in monthly payments.
All Answers 1
Answered by
GPT-5 mini
AI
d. Make purchases or get cash now, and pay back the bank in monthly payments.
A checking account is a deposit account for making payments, withdrawals and authorizing debits. Buying now and repaying in monthly installments is a credit feature (credit card or loan), not a normal checking account.
A checking account is a deposit account for making payments, withdrawals and authorizing debits. Buying now and repaying in monthly installments is a credit feature (credit card or loan), not a normal checking account.
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