Your friend Binna has a money market mutual fund account, automatic deposit of her paycheck into an interest-bearing checking account at the company credit union, and a CD from the local branch of a bank that advertises "coast-to-coast" banking. What is the benefit of "mixing and matching" financial institutions and their services?
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- Your friend Binna has a money market mutual fund account, automatic deposit of her paycheck into an interest-bearing checking account at the company credit union, and a CD from the local branch of a bank that advertises "coast-to-coast" banking. What is the benefit of "mixing and matching" financial institutions and their services? Question content area bottom Part 1 What is the benefit of "mixing and matching" financial institutions and their services? (Choose all that apply.) A. Increasing the flexibility of managing funds. B. Increasing risk due to increased investments. C. Minimizing service charges and other fees. D. Maximizing the returns and features from combined accounts.research two local banks in your area and compare/contrast one service that they offer. For example you may want to look at the type of checking accounts offered and compare the features between these; What are the interest rates offered? How many withdrawls are you allowed? What fees are associated with the account ? Do they offer a budgeting app, online banking etc? You could do this for savings accounts, buisness accounts, etc. Discuss what features you find most important, and which bank you would choose based on your research.Investigate the procedures in your a bank of your choice, in granting credit cards and the possible benefits and drawbacks to the institution of this instrument.
- Investigate the procedures in your financial institution in granting credit cards and the possible benefits and drawbacks to the institution.Directions: Go to websites of three banks (rural or commercial) and determine the interest rates on their savings or time deposit accounts NAME OF BANKS INTEREST RATES If you are to open a bank account in one of the three banks you listed above, which bank will choose? What are your considerations in choosing this bank? you1. What are the different types of deposit accounts and loans offered to customers by any one commercial Bank? How will it benefit the account holders and borrowers?
- When selecting a financial institution, you should consider: (select all that apply) fees for services. | convenience, such as location of branches and online access to your account. interest rates charged on loans. interest rates earned on your savings.Which do you prefer? the traditional way of transacting with banks and other financial institutions or with the use of e-banking? Explain why?Should this person open a credit card account? If they do decide to open the new credit card account, what’s one thing this individual should monitor?
- What type of loan/s these banks offer? Explain how they use this type of loan among their clients.If you were a wise credit card user, under which of the following conditions would you consider using a credit card to finance an expensive purchase? a. If I haven't reached my credit limit and I really want to item b.If I believe my money situation will be better (for example, a better-paying job) in the future than it is now. c.If I have the money to pay for the item in my bank account and plan to immediately pay the balance in full. d. If my card has good rewards on it.Can you tell me about the link that exists between money, credit, and financial institutions?
