Final answer:
A normal checking account does not allow you to earn a high interest rate, deposit large sums of cash, or invest in stocks or other securities.
Step-by-step explanation:
A checking account is a type of bank account that is primarily used for day-to-day financial transactions, such as writing checks or using a debit card. With a checking account, you can easily access your money and make payments. However, there are certain things that you cannot do with a normal checking account:
- Earn a high interest rate: Checking accounts typically offer very low interest rates, if any. If you are looking to earn interest on your money, a savings account or a money market account may be a better option.
- Deposit large sums of cash: Depending on the bank's policy, there may be limits on the amount of cash that you can deposit into a checking account. If you have large sums of cash to deposit, you may need to consider alternative options.
- Invest in stocks or other securities: A normal checking account does not provide the functionality to invest in stocks, bonds, or other securities. If you are interested in investing, you would need to open a brokerage account.