lucy will open a checking account and 3 savings accounts for different purposes (emergency fund, gift fund…

lucy will open a checking account and 3 savings accounts for different purposes (emergency fund, gift fund, and education fund). which of the following items should not be among her main considerations in selecting these accounts? a. the account recommended for somebody with different needs. b. the amount of interest to be paid on deposits. c. any advantages of having all the accounts at the same bank. d. fees for having multiple savings accounts.

lucy will open a checking account and 3 savings accounts for different purposes (emergency fund, gift fund, and education fund). which of the following items should not be among her main considerations in selecting these accounts? a. the account recommended for somebody with different needs. b. the amount of interest to be paid on deposits. c. any advantages of having all the accounts at the same bank. d. fees for having multiple savings accounts.

Answer

Brief Explanations:

When choosing accounts, one should focus on personal needs, interest rates, and bank - specific advantages or fees. An account recommended for someone with different needs may not be suitable for Lucy's specific purposes. The amount of interest on deposits, advantages of having accounts at the same bank, and fees for multiple savings accounts are all relevant to her situation.

Answer:

a. The account recommended for somebody with different needs.