Question

Terrell has $300 to open a checking account. He plans to use the ATM four times per month at his local branch. He does not overdraft his account.

Answer 1

B

Step-by-step explanation:

Answer 2

Terrell needs a checking account that offers him either no fees at all for ATM withdrawals at the local branch, or that offers him the lowest fees in the market.

The reason is that Terrell will open his account with a relatively small amount of $300, and he plans to make 4 withdrawals in total. Given the small balance and the quantity of withdrawals, a high fee could easily represent an important percentage of the total balance, making him lose money, essentially.