Checking Accounts. Why do individuals use checking accounts? What is the disadvantage of having funds in a checking account? Explain overdraft protection

and stop payment orders. Are all bank fee structures the same?

Checking accounts: $($Select the best answer below.$)$

A$.$ enable people to have a record of payment, but they often pay no interest.

B$.$ no longer offer a record of payment, but they often pay interest.

C$.$ have varying fees and often pay substantial interest.

D$.$ are used by people with insufficient funds in savings accounts.