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?\na. the account recommended for somebody with different needs.\nb. the amount of interest to be paid on deposits.\nc. any advantages of having all the accounts at the same bank.\nd. 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?\na. the account recommended for somebody with different needs.\nb. the amount of interest to be paid on deposits.\nc. any advantages of having all the accounts at the same bank.\nd. fees for having multiple savings accounts.

Answer

Brief Explanations:

When opening checking and savings accounts for different purposes, the account recommended for others with different needs is irrelevant. Interest on deposits, advantages of same - bank accounts, and multiple - account fees are important considerations for Lucy's own account selection.

Answer:

a. The account recommended for somebody with different needs.