A Checking Account Price Schedule Characterized by Absence of Any

question 4

Multiple Choice

A checking account price schedule characterized by absence of any monthly account maintenance fee or per-transaction fee is called:

• A)free pricing.
• B)conditionally free pricing.
• C)flat-rate pricing.
• D)marginal cost pricing.
• E)nonprice competition.

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Definitions:

Deductible

The amount paid out of pocket by the policyholder before an insurance policy begins to pay.

Incentivize

To provide motivation or encouragement through rewards or benefits, aiming to promote certain behaviors or actions.

Insurable Interest

A principle that requires an individual to have a stake in the safety or preservation of the insured object against loss or damage.

Financial Benefit

An economic advantage or gain received, such as income, dividends, or appreciation in asset value.