Question

What’s the purpose of balancing or monitoring your checking account?

Answer 1

Correct answer choice is:

B. To help you calculate how much money you have in your account.

Explanation:

A checking account is a deposit account maintained at an economic organization that provides withdrawals and deposits. Furthermore named demand statements or transactional statements, checking accounts are very viscous and can be reached utilizing checks, automated teller machines, and computerized bills, with other systems.

The following actions can assist you to maintain your checking account adequately.

1. Analyze your expenses.

2. Seek to lessen fees and expenses.

3. Buy for a conventional account.

4. See for a stable money-management means.

5. Observe your accounts monthly.

6. Analyze your expenditures repeatedly.

Answer 2

B) To help you calculate how much money you have in your account.