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1.
As a general rule, larger financial institutions offer ______ services and options compared to smaller ones.
More. Size generally enables an institution to offer more products and services.
2.
If you close a savings or checking account and get charged a fee because of that, it's probably because you didn't keep it open as long as you had agreed to when you first opened it.
True. This is the most likely reason why you'd be charged a fee for closing an account.
3.
A savings account for a working teenager can help him or her save money because it helps discourage paychecks from being spent right away.
True. That, in turn, can put a damper on excessive spending.
4.
An online-only financial institution does not have a physical location.
True. This type of financial institution is found only on the Internet.
5.
Checking accounts are designed for _______ money.
Spending. As such, most of their value lies in helping you pay your expenses.