Name some special services that banks provide. How might you make use of them?
Answer to relevant QuestionsSteve just received his first paycheck and wants to open a checking account. There are five banks in his hometown. What factors should Steve consider when choosing a bank? Veronica plans to open a checking account with her $ 1,200 tax refund check. She believes she can maintain a $ 500 minimum balance. Also, she estimates that she will write 10 checks per month and will use other banks’ ATMs ...Advise the Sampsons on the maturity to select when investing their savings for their children’s education. Describe any advantages or disadvantages of the relatively short- term maturities versus the longer- term ...What steps should you take to determine the best allocation of your money market investments? What factors should you consider in determining your allocation? What terms does a financial institution specify for certificates of deposit? Why are rates on CDs higher than those on savings accounts? What factor would most affect your choice of maturity date on a CD?
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