Your friend is trying to decide on two different checking accounts. Your friend just graduated high school and has a part-time job while waiting for technical school to begin. Checking account number one has a minimum balance requirement of $750, a direct deposit requirement, and a $12 fee each month. Checking account number 2 is a student checking account. It is free as long as you can prove he is a student. Checking account number 2 only had a minimum balance of $350. Which do you think he should choose? Why?
Your friend is trying to decide on two different checking accounts. Your friend just graduated high school and has a part-time job while waiting for technical school to begin. Checking account number one has a minimum balance requirement of $750, a direct deposit requirement, and a $12 fee each month. Checking account number 2 is a student checking account. It is free as long as you can prove he is a student. Checking account number 2 only had a minimum balance of $350. Which do you think he should choose? Why?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Your friend is trying to decide on two different checking accounts. Your friend just graduated high school and has a part-time job while waiting for technical school to begin. Checking account number one has a minimum balance requirement of $750, a direct deposit requirement, and a $12 fee each month. Checking account number 2 is a student checking account. It is free as long as you can prove he is a student. Checking account number 2 only had a minimum balance of $350. Which do you think he should choose? Why?
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