Question

Select the correct answer.

John is a successful businessman. He always maintains a high bank balance. Hence the bank pays him interest. John uses this account frequently for various purchases. What type of bank account does John have?
A.
checking account
B.
money market account
C.
savings account
D.
certificate of deposit
E.
interest-bearing checking account

Answer 1

E. interest-bearing checking account

Step-by-step explanation:

This also gives you the chance to make withdrawal