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Which sentences from “How to Select a Checking Account” contain jargon specific to the banking industry? Select all that apply.

1). Keep additional funds in another account with a better interest rate, such as a CD or high-yield savings account.

2). You should open a primary checking account with whatever institution pays the highest interest rate and charges the lowest fees.

3). Since they don’t have to pay as many taxes as a regular bank, they can also be more generous with customers.

4). Another common mistake is to just go with a bank that’s close to your office or home.

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Answer:

1). Keep additional funds in another account with a better interest rate, such as a CD or high-yield savings account.

Explanation:

Answer:

1). Keep additional funds in another account with a better interest rate, such as a CD or high-yield savings account.

2). You should open a primary checking account with whatever institution pays the highest interest rate and charges the lowest fees.

Explanation:

A checking account exemplifies an account with a financial institution that permits deposits and withdrawals. The sentences that display the manner to select a Checking Account containing jargon specific to the banking industry are options 1 and 2. These two options include keeping additional funds in another account with a better interest rate like CD or high-yield savings account and by opening a primary checking account with the institution paying the higher interest rate and charging the lowest fees. Thus, options 1 and 2 would be marked as the answers.

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