Question

Match each account type with its description. tiles basic checking account interest-bearing checking account savings account money market deposit account pairs pays higher interest than a savings account earns interest and allows unlimited atm use does not earn interest and has a low minimum balance requirement restricts access to funds through withdrawals nextreset

Answer 1

The correct descriptions are matched with their account types below:

Basic Checking account - Does not earn interest and has a low minimum balance

Interest-Bearing Checking account - Pays higher interest than a savings account

Savings account - Earns interest and allows unlimited atm use

Money Market deposit account - Restricts access to funds through withdrawals