Question: Case Study Evaluating Banking Services Use the case study page 182 in the textbook, labeled Financial Planning Case / Evaluating Banking Services. Be sure to

Case Study Evaluating Banking Services Use the case study page 182 in the textbook, labeled "Financial Planning Case / Evaluating Banking Services". Be sure to use the Rubric shown in Canvas for properly writing up a Case Analysis. Answer the following questions as part of your Case write up.

1.) Question One from text book, "what benefits and draw backs might Melanie encounter when using these financial services?

Mobile Banking (assume an online digital bank), Prepaid debit card, Check-cashing outlet

2.) Assuming Melanie will also consider a new checking account at a commercial bank.

What considerations should she make when evaluating different checking accounts

3.) Assume Melanie will consider a non-interest bearing checking account with a minimum balance of $500 to avoid a monthly maintenance fee. Also assume the market APY for a savings account is 3.50%.

What is the opportunity cost of always maintaining $500 in her new checking account?

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1 Benefits and Drawbacks of Financial Services a Mobile Banking Assume an online digital bank Benefits Convenience Melanie can access her account anytime anywhere using her smartphone or computer Cost... View full answer

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