Patrick Is Interested in Opening a Different Account That Will

question 38

Multiple Choice

Patrick is interested in opening a different account that will allow him to write a few checks each month for a fee per check, but he is unable to maintain a minimum balance. He should open a(n)

• A) Regular savings account.
• B) Activity account.
• C) Interest-earning checking account.
• D) Share draft account.
• E) Passbook account.

---

Definitions:

Centimeter

A unit of length in the metric system, equal to one hundredth of a meter, commonly used to measure small distances or heights.

Inch

A unit of length in the British imperial and United States customary systems, equal to 1/12 foot or 2.54 centimeters.

Metric System

A decimal system of measurement based on meters, liters, and grams as units of length, volume, and weight.

Liter

A metric unit of volume equal to one cubic decimeter or 1000 cubic centimeters, commonly used to measure liquids.