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When should you look for a bank or credit union that offers the LOWEST interest rates? A. When borrowing capital to start a business B. When opening checking and savings accounts C. When placing money
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When should you look for a bank or credit union that offers the LOWEST interest rates?

A. When borrowing capital to start a business
B. When opening checking and savings accounts
C. When placing money into long-term investments
D. When purchasing certificates of deposit (CDs)

User Signum
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2 Answers

5 votes

Answer:

a

Step-by-step explanation:

User Chio Quavario
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6 votes

Answer:

A. When borrowing capital to start a business

Step-by-step explanation:

When you want money, you must pay for it. the price of the money is called "interest" thus, if you are expecting to open up a business a need money for it you must acquire that money at the cheapest price possible. This means at the lowest interest rate.

User Tiago Babo
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