Because checking accounts are ________ liquid for the depositor than passbook savings,they earn ________ interest rates.
A) less; higher
B) less; lower
C) more; higher
D) more; lower

Question

Quizplus · Accepted Answer

Checking accounts are more liquid than passbook savings accounts because funds can be accessed more easily and frequently. As a result, they typically earn lower interest rates compared to savings accounts, which are less liquid.

Because Checking Accounts Are ________ Liquid for the Depositor Than