Question

What type of bank account is the best one to use to manage household expenses? Question 1 options: a checking account a savings account a certificate of deposit (CD) an individual retirement account (IRA)

Answer 1

The answer is:

The best account used to manage household expenses is a checking account.

Explanation:

The reason why a checking account is better than most savings accounts is with with a savings account you have to go to the bank when it is initially opened to get the money, unless you also have a checking account and a debit card. You would need to be at least 18 years old to open a checking account and it is the best option if you want to primarily pay your household bills.