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You have decided both to open a savings account and to purchase a vehicle. You would like a savings account with the highest interest rate and a vehicle loan with a low interest rate. You currently have a checking account at Bank A. From the banks listed below, determine with which bank you should open a savings account and at which bank should you apply for your vehicle loan.

a.
Bank A for the car loan and Bank B for the savings account
b.
Bank C for the car loan and Bank C for the savings account
c.
Bank B for the car loan and Bank A for the savings account
d.
Bank B for the car loan and Bank B for the savings account

You have decided both to open a savings account and to purchase a vehicle. You would-example-1
You have decided both to open a savings account and to purchase a vehicle. You would-example-1
You have decided both to open a savings account and to purchase a vehicle. You would-example-2
User Icewind
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1 Answer

1 vote

bank b for the loan and bank a for the savings account.

User UneXp
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