222k views
2 votes
Sara is the manager of a small bank. As she looks over the reports on the performance of the bank from the previous year, she sees that checking accounts are generally less profitable for the bank than savings accounts. Why would she continue to allow her bank to offer checking accounts?

User Clon
by
6.0k points

2 Answers

6 votes

Answer:

A.

The bank makes money on fees they charge if you write a check for more money than you have in the account.

B.

Customers need ways to access their money more easily than going to the bank to withdraw it.

C.

The bank makes money on the fees that it charges stores for the convenience of accepting checks.

D.

The federal government mandates that banks offer checking accounts to their clients.

Step-by-step explanation:

User Sumtraveller
by
6.3k points
3 votes
It seems that you have missed the necessary options for us to answer this question so I had to look for it. Anyway, here is the answer. Based on the given scenario above, why she would continue to allow her bank to offer checking accounts is that the bank makes money on the fees that it charges stores for the convenience of accepting checks. Hope this helps.
User Mersedeh
by
6.8k points