Which of the following is a common way to access money in a checking account?

• A. Applying for a mortgage
• B. Writing a check
• C. Opening a certificate of deposit (CD)
• D. Purchasing stocks

Answer: (B)

Verified step by step guidance

1. Understand the purpose of a checking account: A checking account is designed for everyday transactions and provides easy access to funds.
2. Review the options provided in the question: Applying for a mortgage, writing a check, opening a certificate of deposit (CD), and purchasing stocks.
3. Eliminate options that are not directly related to accessing funds in a checking account: Applying for a mortgage involves borrowing money, not accessing funds in your account. Opening a CD involves locking money away for a fixed term, and purchasing stocks is an investment activity.
4. Focus on the option that directly relates to accessing funds in a checking account: Writing a check is a common method to withdraw or transfer money from a checking account.
5. Conclude that writing a check is the correct answer because it is a direct way to access money in a checking account for payments or transfers.