Which of the Following Statements Are True Regarding Interest-Bearing Checking

question 70

Multiple Choice

Which of the following statements are true regarding interest-bearing checking accounts?

• A) There are no penalties for overdrawing your account
• B) To have interest paid on your balance,oftentimes you must meet certain requirements such as maintaining a high minimum balance,having your paycheck directly deposited into your account,and using your debit card as a credit card a minimum number of times per month
• C) There is no monthly service charge or per-item fee regardless of your balance
• D) You are limited to the number of checks or ATM transactions per month

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