A(n) ____ account is a business account at a financial institution into which proceeds from credit card payments are automatically deposited.
A) checking
B) merchant
C) savings
D) investment

Question

Quizplus · Accepted Answer

A merchant account is specifically designed for businesses to accept credit card payments. It allows for automatic deposits of the proceeds from those payments. Checking, savings, and investment accounts may also be used for business purposes, but they do not have the same features as a merchant account for accepting credit card payments.

A(n) ____ Account Is a Business Account at a Financial