Select the correct answer.

Question

Katherine wants to open a bank account that allows her perform frequent transactions without being charged a penalty, and she does not want to maintain a minimum balance. What type of bank account should she open?
A.
savings account
B.
interest-bearing checking account
C.
checking account
D.
certificate of deposit
E.
money market account

Answer 1

Katherine should open a C. checking account. This type of account typically allows for frequent transactions without penalties and does not usually require a minimum balance.