Which of the Following Is a Benefit of Direct Banks

question 13

Multiple Choice

Which of the following is a benefit of direct banks?

• A)They are convenient.
• B)They allow customers to transfer money,check their account,and pay bills anytime.
• C)They can offer lower fees and better rates because there are no branch offices to support.
• D)All of these answers are correct.

Understand the founders' concept of "virtue" and its significance in shaping the society of the new republic.

Recognize the role of education, as envisioned by figures like Jefferson, Adams, and Rush, in promoting republican values and informed citizenship.

Identify the perspectives on religious liberty and the separation of church and state held by the founding fathers.

Comprehend the implications of land ownership and economic concepts such as the free market on the development of American society.

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Definitions:

Check Stub

A part of a check that is kept for record-keeping purposes, detailing the check's purpose, date, and amount.

Balance Forward

The amount of money brought forward from a previous statement or bill as the starting point for the next period.

Balance Carried

The amount of money or value transferred from the end of one financial statement or period to the beginning of another.

Adjusted Cash Balance

The cash balance resulting after certain adjustments are made, such as for outstanding checks or deposits in transit.