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Assume that you are going to open a checking account. You are examining different banks and banking accounts to
choose a bank account for your needs. Which of the following statements should not be one of your reasons for
examining different banks?
a. Being more informed leads to being better prepared to make financial decisions.
b. Bank E offers you a chocolate bar for filling out an application for checking and credit at the
same time.
c. Banks could have charges that you do not know about until reading carefully.
d. You will become more aware of how well the banks meet your particular needs.
Please select the best answer from the choices provided



Answer :

GinnyAnswer

Final answer:

When choosing a bank for a checking account, factors like services, fees, convenience, and reputation should be considered. Opting for a bank that offers a chocolate bar for applying for multiple services should not be a deciding factor. Being informed and choosing credit unions over commercial banks can provide benefits in terms of fees and services.


Explanation:

Comparing Banks for the Best Checking Account:

When choosing a bank for a checking account, it's important to consider services, fees, convenience, and reputation. Bank E offering a chocolate bar for applying for multiple services is not a valid reason to consider when evaluating banks.

Benefits of Credit Unions:

Financial experts recommend using credit unions for checking and savings accounts due to their non-profit structure, which can benefit customers over commercial banks in terms of fees and services.

Importance of Being Informed:

Being well-informed when selecting a bank account is crucial for making sound financial decisions and ensuring that the chosen bank meets your specific needs.


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