short answer - answer in 1 - 3 sentences (2 points each)\n20. name two reasons why you should check your…

short answer - answer in 1 - 3 sentences (2 points each)\n20. name two reasons why you should check your bank statements regularly. (2 pts)\n21. someone you know is planning to open their first checking account. what are three important things you would recommend they look at before choosing a bank? explain why each is important. (3 pts)

short answer - answer in 1 - 3 sentences (2 points each)\n20. name two reasons why you should check your bank statements regularly. (2 pts)\n21. someone you know is planning to open their first checking account. what are three important things you would recommend they look at before choosing a bank? explain why each is important. (3 pts)

Answer

Brief Explanations:

For question 20, checking bank statements regularly helps detect fraud early as unauthorized transactions can be spotted. It also allows for better financial management by tracking spending patterns. For question 21, one should consider the bank's fees as they can impact account - holder's money. Interest rates on accounts are important as they can grow the account balance. Customer service quality matters as it affects the overall banking experience.

Answer:

  1. To detect fraud early and manage finances better.
  2. Fees: Can impact money. Interest rates: Can grow balance. Customer service: Affects experience.