The most common form of a transaction account is a
A)savings account.
B)checking account.
C) money market account.
D) certificate of deposit.

Question

Quizplus · Accepted Answer

Checking accounts are the most common form of transaction accounts as they allow for easy access to funds through checks, debit cards, and online banking. Savings accounts are not transaction accounts and have limitations on the number of withdrawals. Money market accounts and certificates of deposit are not typically used for day-to-day transactions.

The Most Common Form of a Transaction Account Is a