Question

Assume that you are going to open a checking account. You are examining different banks and banking accounts to choose a bank account for your needs. Which of the following statements should not be one of your reasons for examining different banks? a. Being more informed leads to being better prepared to make financial decisions. b. Bank E offers you a chocolate bar for filling out an application for checking and credit at the same time. c. Banks could have charges that you do not know about until reading carefully. d. You will become more aware of how well the banks meet your particular needs.

Answer 1

b. Bank E offers you a chocolate bar for filling out an application for checking and credit at the same time.

Step-by-step explanation:

Deciding where to open a bank account is an important decision related to your finances. So, you have to consider different things to make sure you choose the best option that adapts to your needs. In order to do this, you need to compare different banks and analyze the fees they have, if the products they are offering are adequate for you, value added services they offer, interest rates and complementary products that can help you improve your finances.

According to this, the statement that should not be one of your reasons for examining different banks is that bank E offers you a chocolate bar for filling out an application for checking and credit at the same time as this is not a wise decision as you focusing on something that is not related to your finances and that can possibly generate bad consequences on the future for requesting a product that you may not need.

Answer 2

The answer is: b. Bank E offers you a chocolate bar for filling out an application for checking and credit at the same time.

When you make examination to determine the type of bank accounts to open , your focus should only be the financial gain that you will obtain from the banks, not small snack that you can buy easily with your money.

You need to focus on finding out which banks would provide more interest rates for your saving, which provide the fastest and reliable services, and which provides more investments opportunities for you.