Which of the Following Is the Better Banking Option for Jane

question 16

Multiple Choice

Which of the following is the better banking option for Jane who keeps a minimum bank balance of $1000,needs liquidity and does ten transactions per month?

• A)Ace Bank pays no interest,has no ABM fees but charges a $7.00 monthly account fee.
• B)Bee Bank charges a $60 annual fee for the account,pays interest at two percent on the average monthly balance,and has $1.00 ABM fees.
• C)Sea Bank charges no fees as long as the account balance remains above $1000,pays two percent interest on the average monthly balance,charges $1.00 ABM fees,and requires no minimum balance.
• D)Dee Bank requires no minimum balance,pays one percent interest on the average monthly balance,and allows 10 free ABM withdrawals a month,but charges $3 per withdrawal thereafter.

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Definitions:

Heterozygous

A genetic condition where an individual has two different alleles of a particular gene or genes.

Allele

One of two or more alternative forms of a gene that arise by mutation and are found at the same place on a chromosome.

Blending Inheritance

An outdated theory of heredity proposing that the traits of offspring are a uniform blend of the parents' traits.

Dominant Alleles

Alleles that mask the effect of other alleles for the same gene in heterozygous individuals, determining the phenotype.