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crimeas [40]
3 years ago
13

How is a checking account different than a savings account?

Business
2 answers:
Natasha2012 [34]3 years ago
4 0
A checking account is a bank account that allows easy access to the funds. It's designed for everyday money transactions. It allows withdrawals and deposits.

A savings is a deposit account that pays interest but cannot be used directly as money. This account keeps funds safe and withdraws funds as needed. It helps you grow your money. The money in a savings account is not intended for daily use. It's a bank account that earns interest and it provides a modest interest rate.

Whenever you need to place cash you don't need right away, a savings account can be the best choice for you.




mars1129 [50]3 years ago
3 0
A checking account is used for like buying groceries and stuff and a savings account is used for place for money that you want to save for a later basis<span />
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if the company now purchases office equipment on account for $20,000, the accounting equation will change to:
OleMash [197]

The accounting equation will change to $500,000 = $260,000 + $240,000

An equation is a mathematical statement this is made from two expressions connected via the same sign. as an instance, 3x – 5 = 16 is an equation. solving this equation, we get the price of the variable x as x = 7.

The equation is described as the country of being identified and is frequently proven as a math expression with equal values on both facet, or refers to a problem where many staff needs to be taken under consideration. An example of an equation is 2+2 = three+1.

There are two forms of equations: identities and conditional equations. An identification is proper for all values of the variables. A conditional equation is handiest true for unique values of the variables. An equation is written as two expressions, related with the aid of an equals signal ("=").

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8 0
2 years ago
Q2: In the expenditure cycle, the majority of payments made are by check. What are some
zaharov [31]

Answer:

Key control problems in the area of payment by check can give rise to fraudulent activity.

Explanation:

Paying employees by check offers a level of security of employee payments.

4 0
4 years ago
A stock has an expected return of 13.4 percent, the risk-free rate is 9 percent, and the market risk premium is 10 percent. What
emmasim [6.3K]

Answer: 0.44

Explanation:

From the question, we are informed that a stock has an expected return of 13.4 percent, the risk-free rate is 9 percent, and the market risk premium is 10 percent.

The beta of this stock be calculated as:

= (13.4% - 9%) / 10%

= 4.4% / 10%

= 0.044 / 0.10

= 0.44

Therefore, the beta of the stock is 0.44

5 0
3 years ago
If you've been a victim of identity theft, what should you do after contacting the company that reported the suspicious charge a
bulgar [2K]
You should B. order a credit report.
hope this helps!
3 0
3 years ago
MTH Bank has given the McKelvey's a written pledge to lend $250,000 on a new construction home, for 30 years, at 6.53%. The McKe
ra1l [238]

Answer:Conditional approval

Explanation:This is a loan that has been approved but there are still conditions which are still pending that need to be met such as some outstanding documents or other conditions such as in this case they still need to take this pledge to the subdivision sales agent.

8 0
3 years ago
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