On the Internet You Find the Following Offers for Opening

question 74

Multiple Choice

On the Internet you find the following offers for opening an online account. Which of them is the best offer if you have $2,000 to save for two years?

• A)An interest rate of 5 percent, with the bank charging you a $15 processing fee at the time you open your account
• B)An interest rate of 3.5 percent, with the bank giving you a $35 bonus to open your account
• C)An interest rate of 4 percent, with the bank giving you a $20 bonus at the time you open your account
• D)An interest rate of 4.5 percent, with no processing fee and no bonus

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Definitions:

Best Practice

An industry-accepted way or method that has been proven over time to lead to desired results.

Phishing

A cyber-attack that uses disguised email or other communication to trick recipients into revealing personal information, such as passwords or credit card numbers.

Imposter Website

A fraudulent or malicious website that mimics a legitimate site to deceive users, often for the purpose of phishing or spreading malware.

Wireless Transmissions

The process of sending and receiving data between devices without the use of physical connections, utilizing radio or infrared signals.