Which statement best describes the difference between a checking account and a savings account?
O Checking accounts provide customers with interest, while savings accounts do not.
O Checking accounts are held only by businesses and savings accounts only by individuals.
O Checking accounts allow customers to easily pay for goods and services, while savings accounts are used to hold
money for longer periods of time.
O Checking accounts require customers to go into a bank branch, while savings accounts are accessed by
customers on their mobile phones or computers.