If checking accounts are not as profitable as savings accounts, why do banks offer them?
Select the best answer from the choices provided.
Ο Α. .
Customers need ways to access their money more easily than going to the bank to withdraw it.
OB.
The federal government mandates that banks offer checking accounts to their clients.
C.
Banks make money on fees they charge if you write a check for more money than you have in the account.
OD
Banks make money on the fees they charge stores for the convenience of accepting checks.
Answers: 3
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If checking accounts are not as profitable as savings accounts, why do banks offer them?
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