Answer the following questions:

a. What type of financial institution will you use for regular business activities? Why?

b. What type of checking account will you open?

c. What minimum and maximum balances will you attempt to maintain in the checking account? What will you do with any excess funds beyond the maximum checking account balance?

d. What will you do with your deposits of daily receipts? When will you do it?

e. In what ways can you use technology to access and use financial services? What type of electronic equipment will you need? What risks do you see in using the Internet for financial transactions?