Preston never opened his bank statements,so he was surprised to see that he received a service charge that exceeded the interest he earned for the month.What kind of account does Preston have?

Question

Quizplus · Accepted Answer

Preston has an interest-earning checking account because he received interest, but it was not enough to cover the service charge, indicating that he had some activity or transactions on the account which resulted in the fee. A regular checking account would not earn interest, and an activity account is not a common type of account offered by banks.

Preston Never Opened His Bank Statements,so He Was Surprised to See