Which type of account allows for money deposits and from which checks can be written?

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Prepare for the EverFi Financial Literacy for High School Test. Utilize flashcards and multiple-choice questions with detailed explanations and hints. Enhance your financial literacy skills and get exam-ready!

The type of account that allows for money deposits and from which checks can be written is a checking account. This account is specifically designed for everyday transactions, offering easy access to funds for payments and withdrawals. You can deposit money into a checking account, and it allows you to write checks to make payments or pay bills directly. Checking accounts typically come with features such as a debit card for convenient purchases and online banking options for managing finances quickly.

In contrast, a certificate of deposit does not allow for regular withdrawals or writing checks since it’s a time-bound savings product meant for earning interest over a specified term. Comprehensive insurance and certificate programs do not pertain to banking accounts or transaction capabilities, making them irrelevant in this context. Thus, the checking account is clearly the account type suited for making deposits and writing checks.

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