Choose wisely. There is only one correct answer to each question.
0%
Keep studying!
Review your answers below to learn more.
1.
Which of the following is the best reason why checking accounts aren't effective for saving money?
They are designed for spending money. Because they are designed to be spent by you rather than used by the institution holding them, they pay them little or no earnings.
2.
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.
3.
_______ financial institutions allow minors to hold checking accounts.
Many. Not all institutions allow them.
4.
When evaluating fees at a bank or credit union, what is perhaps the most helpful question to ask yourself?
Am I getting what I need from my bank or credit union in return for these fees? Not everyone thinks fees are too high; therefore, determine whether you are getting your money's worth.
5.
Online financial institutions often charge fewer fees than traditional ones because they have less overhead and can afford to charge you less.