Economics

In 250 words or more, answer the following.

Many consumers use checking accounts and credit, often in the form of credit cards.

What are some of the advantages and disadvantages of having a checking account?
What are some of the advantages and disadvantages of having a credit card?
What are some strategies you could use to manage credit cards to avoid paying high-interest rates and fees?
How can planning to manage your accounts lead you to be more productive and better equipped to manage your financial priorities?