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Checking Account
What does it mean?
A deposit account for funds intended for quick turnover. Checking accounts offer very low interest on unused cash balances.
In Other Words...
You're lucky if your checking account earns more than the rate of inflation!
Related Links
Bank Reconciliation - Detailed instructions and illustrations on how to reconcile your accounts.
Related Terms
Demand Deposit | Money Market Account | Savings Account | Stop Payment | Sweep Account
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