Transactions accounts include
A)credit cards.
B)certificates of deposit.
C)lines of credit.
D)chequing accounts.

Question

Quizplus · Accepted Answer

Transactions accounts are accounts that allow individuals to deposit and withdraw funds on a frequent basis. Chequing accounts are the most common type of transaction accounts, as they allow individuals to write cheques, withdraw cash, make electronic transfers, and use debit cards to access their funds. Credit cards, certificates of deposit, and lines of credit are not considered transaction accounts as they do not allow for frequent deposits and withdrawals.

Transactions Accounts Include