Question

In this section, you’ll explore the different services available at financial institutions.

At this point in your life, you’re searching for a financial institution that will accept direct deposit of your paycheck into an account that you can use to pay bills and access spending money.

What type of account best describes what you need?
Question 4 options:

Certificate of deposit


Credit card account


Savings account


Checking account

Answer 1

Checking account

A checking account is designed for everyday transactions — direct deposit of paychecks, paying bills, ATM/debit card access, and spending money.