Which of the following is not an advantage of a checking account?
A) Stop payment services
B) Overdraft protection
C) Interest earned on balances that exceeds the rates offered on CDs
D) Liquidity

Question

Quizplus · Accepted Answer

Checking accounts typically offer lower interest rates compared to Certificates of Deposit (CDs), making option C incorrect as it suggests checking accounts offer higher interest rates than CDs, which is generally not the case.

Which of the Following Is Not an Advantage of a Checking