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    Investing

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    Please provide information on the advantages and disadvantages of investing in the following accounts.

    Checking account
    money market account
    passbook savings account
    certificate of deposit.

    See the attached file.

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    https://brainmass.com/business/interest-rates/advantages-disadvantages-investing-210560

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    Please provide information on the advantages and disadvantages of investing in the following accounts.

    Checking account:
    The advantages of a checking account are that you have unfettered right of withdrawal to your cash. In addition, the use of the checks and debit cards make it relatively easy to use the cash in the account.

    The disadvantages are that the use of checks and debit cards lead to overuse/misuse/unplanned use of cash. Further, such accounts do not earn you interest income. Moreover, you are limited by the number of checks you can issue and may be required to pay for ...

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    This solution gives you a detailed discussion on investing.

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