After moving to Orlando, Florida, Kaori opened both a savings and a checking account at Barnett Bank. Although Barnett had a higher minimum balance requirement for free checking than the other two banks she considered, Kaori chose Barnett because it was located closer to her home than the other banks. Kaori would rather expend other costs than _____ costs.
A) Convenience
B) Monetary
C) Psychological
D) Time
E) Search

Question

Quizplus · Accepted Answer

Kaori's decision to choose Barnett Bank over other banks was based on proximity or convenience, even though it had a higher minimum balance requirement for free checking. This means that she prefers to incur convenience costs rather than monetary costs.

After Moving to Orlando, Florida, Kaori Opened Both a Savings