Question: Stuart wants to open a chequing account with a $100 deposit. Stuart believes he will write 15 cheques per month and use other banks ABMs

Stuart wants to open a chequing account with a $100 deposit. Stuart believes he will write 15 cheques per month and use other banks’ ABMs eight times a month. He will not be able to maintain a minimum balance. Which bank should Stu- art choose?

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Stuart should choose Winnipeg Bank ABM Computations Winnipeg Bank 8 4 x 100 400 Canadia... View full answer

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