Question

Which of the following is typically not a feature of checking accounts?
A. ATM transactions
B. Interest
C. Debit card
D. A minimum balance.

Answer 1

Which of the following is typically not a feature of checking accounts?

A. ATM transactions

B. Interest

C. Debit card

D. A minimum balance.✔️

Answer 2

Interest is not a feature of checking accounts.

Option B

Explanation:      

Feature of checking accounts:  

• Checking Account Bonuses and Rewards
• Interest-Bearing Checking
• No-Fee Checking Accounts
• Overdraft Protection and Low Overdraft Fees
• Online Banking and Mobile Apps
• Keep the Change Savings Options
• Superior Customer Service

Banks play a key role in the economy, so a financially healthy banks g sector is essential to the nation’s economic well-being. In the 'past twenty-five years', banks have been challenged by financial innovations, deregulation, and globalization. In the process, commercial bank profitability has influenced significantly.