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You have a chequing account and a savings account. You want to deposit your summer eamings, $150, into one of your accounts. Consider fees, interest rates, and ease of access to the money in each account. In which account would you deposit the money? Explain.

You have a chequing account and a savings account. You want to deposit your summer eamings, $150, into one of your accounts. Consider fees, interest rates, and ease of access to the money in each account. In which account would you deposit the money? Explain.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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4. Exit Ticket (Thinking) (Communication) You have a chequing account and a savings account. You want to deposit your summer eamings, $150, into one of your accounts. Consider fees, interest rates, and ease of access to the money in each account. In which account would you deposit the money? Explain.
Transcribed Image Text:4. Exit Ticket (Thinking) (Communication) You have a chequing account and a savings account. You want to deposit your summer eamings, $150, into one of your accounts. Consider fees, interest rates, and ease of access to the money in each account. In which account would you deposit the money? Explain.
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