Question: Explore the elements and operation of a checking account and a savings program by addressing the following Describe the elements associated with a checking account

Explore the elements and operation of a checking account and a savings program by addressing the following

  1. Describe the elements associated with a checking account by addressing the potential costs, account ownership types, account procedures, bank statements, and account reconciliation.
  2. Describe the elements associated with a savings program by addressing the difference between compound and simple interest.
  3. Describe the difference between a savings account, a certificate of deposit, a Treasury bill, and a savings bond.

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