Millennials Should Shop Around for Banks Banks are in business to make money for their shareholders, not to put the interests of customers first. This key fact should not be overlooked. Banks sell financial services and compete hard for business. They want to be seen as the friend of students and offer no-cost accounts. But banks are not equal. By shopping around, you can get the deal that's best for you. Source: The Globe and Mail, September 19, 2016 Explain how this news clip illustrates the attempts by banks to maximize profits. This news clip illustrates the attempts by banks to maximize profits by , A. selling financial services O B. operating in a highly competitive market OC. creating no-cost accounts for students O D. putting their shareholders ahead of their customers
Millennials Should Shop Around for Banks Banks are in business to make money for their shareholders, not to put the interests of customers first. This key fact should not be overlooked. Banks sell financial services and compete hard for business. They want to be seen as the friend of students and offer no-cost accounts. But banks are not equal. By shopping around, you can get the deal that's best for you. Source: The Globe and Mail, September 19, 2016 Explain how this news clip illustrates the attempts by banks to maximize profits. This news clip illustrates the attempts by banks to maximize profits by , A. selling financial services O B. operating in a highly competitive market OC. creating no-cost accounts for students O D. putting their shareholders ahead of their customers
Chapter12: Money, Banking And The Financial System
Section: Chapter Questions
Problem 3WNG
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