question 8 of 10 which account is more likely to have penalties for frequent withdrawals? available account…

question 8 of 10 which account is more likely to have penalties for frequent withdrawals? available account savings account checking account pending account

question 8 of 10 which account is more likely to have penalties for frequent withdrawals? available account savings account checking account pending account

Answer

Brief Explanations:

Savings accounts are designed for saving money over time. To encourage long - term deposits and discourage excessive withdrawals that can disrupt the bank's financial planning, they often have penalties for frequent withdrawals. Available, checking, and pending accounts are more liquid and don't typically have such penalties for withdrawals.

Answer:

B. Savings account