3. Interest-paying checking accounts - Their features and uses What are interest-paying checking accounts and how do they work? Most interest-paying checking accounts exhibit characteristics of both checking and savings accounts, 5 pecically, they earn relatively high rates of interest, especially compared with regular savings accounts, and allow relatively lienited check-writing privileges, They are available through depository and nondepository institutions, including commercial banks, savings banks, credit unions, stock brokerage firms, mutual funds, and other finaricial services companies: What are some of the Important characteristics of the following four major types of interest-paying checking acceunts? The following tables shows abbreviations for the types of accounts: Use the following table to indicate which of the money maricet accounts is described in the statements. Use the fundamental characteristics or the four major types of interest-paying checking accounts to assess the forlowing scenano: During a discussion about money market accounts with her coworker. Teresa says that it is critically important to have access to the money market funds via an ATM. In which account should Teresa not invest? An MMMF An AMA A NOW account