Financial Literacy Unit Test
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Question
You are trying to decide which bank to start an account at. You pull up a website that compares two of the most popular banks in your area. The chart on the site looks like the following one.
Bank A Bank B
Minimum Deposit Per Month $0.00 $100.00
ATM Fees $1.00 None
Overdraft Fees $20.00 $10.00
Nearby Locations None 1
Which of the following statements is true when comparing these two banks?
(1 point)
Responses
Bank B has more locations and lower ATM fees.
Bank B has more locations and lower ATM fees.
Bank B has a lower minimum deposit per month and lower overdraft fees.
Bank B has a lower minimum deposit per month and lower overdraft fees.
Bank A has lower ATM fees and more locations.
Bank A has lower ATM fees and more locations.
Bank A has more nearby locations and a lower minimum deposit per month.