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andrey2020 [161]
2 years ago
15

Explain the difference between a checking and a savings account

Business
1 answer:
lianna [129]2 years ago
6 0

Answer: Heyaa! :)

  • <em>Saving Account</em>

→ income not spent, or deferred consumption. Methods of saving include putting money aside in

  • <em>Checking Account</em>

Offers easy access to your money for your daily needs ←

<em>The main difference between checking and savings accounts is that </em>checking accounts actually used on the daily <em>while</em> savings accounts are primarily for saving money.

Hopefully this helps <em>you !</em>

- Matthew ~~

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