Elena is a college freshman and needs a checking account.What type of financial institution should she choose?
A)Credit union
B)Commercial bank
C)Savings institution
D)IRS

Question

Quizplus · Accepted Answer

Commercial banks generally offer a range of checking account options for consumers and are readily accessible in most areas. They also provide additional services like online banking, mobile banking, and ATM access, which can be convenient for college students like Elena. While credit unions and savings institutions may also offer checking accounts, their accessibility and branch network may be limited compared to commercial banks. IRS is not a financial institution and does not offer checking accounts.

Elena Is a College Freshman and Needs a Checking Account