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Some Banks Offer Special Accounts Designed to Attract Junior High

question 104

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Some banks offer special accounts designed to attract junior high school students. Savings in these accounts are generally small amounts, which cost banks more to maintain than they are worth; however, bankers know that consumers are creatures of habit and hope that these young people will become adult customers. These banks recognize

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Definitions:

Labor Force

The total number of people eligible to work, including both the employed and the unemployed.

Unemployment Rate

The quota of the labor force that is experiencing unemployment while actively seeking ways to be employed.

Adults Employed

The segment of the adult population that is currently engaged in employment and receiving compensation for their labor.

Adults Unemployed

Refers to individuals of working age who are without a job, available to work, and actively seeking employment.

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