The financial services area where payments accounts against which the customer can write checks or wire funds to pay for purchases of goods and services is known as thrift services.

Question

Quizplus · Accepted Answer

The financial services area described is known as transactional or checking accounts, typically offered by banks or credit unions, not thrift services. Thrift services refer to savings and loans associations or services that primarily focus on savings accounts and mortgage lending.

The Financial Services Area Where Payments Accounts Against Which the Customer