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Questions asked by the same visitor
what economic stance does a balanced economy have ?
Weegy: B)boost the economy (More)
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Expert Answered
Asked 359 days ago|9/22/2013 4:51:26 PM
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. What are some of the advantages and disadvantages of choosing a federally-insured account?
Weegy: Advantages and disadvantages of choosing a federally-insured account: Advantage: Protection Most banks and credit unions are insured, which means that the money deposited into a savings account is safe and secure. [ No matter what happens, you will get your money back. Disadvantage: Minimum Balance Many banks require you to maintain a minimum balance in order to avoid fees on your savings account. For some banks this is only $25, but others require as much as a $1,000 minimum. It may take some shopping around to find a savings account to suit your needs. ] (More)
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Asked 352 days ago|9/29/2013 7:30:21 PM
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What are some considerations in choosing a financial institution? Which one do you think would be the most important consideration for you in choosing a financial institution?
Weegy: In choosing a financial institution, you should consider the traditional three Cs of banking: costs, convenience, [ and consideration. Cost: How expensive is it? What are the monthly fees? Minimum balances? Charges per check? Balance dependent scaled fees? Interest rates received on deposits? Interest rates charged on loans? Convenience: How convenient is it for you to work with the institution? What is the availability of branches and ATMs? Are they close to your home and work? Does the institution offer overdraft protection, safety deposit boxes, credit cards, etc.? Consideration: The consideration factor is about personal attention. Does the institution offer personalized financial advice and give attention to detail? How important is it that a bank officer remembers your name and is happy to work with you? The options for choosing a financial institution are many and varied. It is critical that you understand your goals and then work with the institution—or institutions—that offer you the most benefits. Note that whatever institution or institutions you choose; it is your responsibility to make sure that they do what they say they will and do it correctly. ] (More)
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Asked 352 days ago|9/29/2013 7:34:03 PM
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