Answered step by step
Verified Expert Solution
Question
1 Approved Answer
ASSIGNMENT 2 - BANK ACCOUNTS 1) Dana does most of her banking online or at an ATM. She keeps a minimum of $1400 every
ASSIGNMENT 2 - BANK ACCOUNTS 1) Dana does most of her banking online or at an ATM. She keeps a minimum of $1400 every month in her account and does about 15 transactions, Which is the most suitable account for her needs? Complete the chart below to justify your choice. ACCOUNT OPTIONS Value Account Self-service Account Full-service Account Monthly fee Transaction Charges TOTAL 2) Dennis currently has a Value Account at the Northwest Bank of Canada. He makes 4 direct deposits per month and pays 7 bills online. Last month, he made 11 cash withdrawals from his bank's ATM and also made 4 debit purchases with his bank card. He keeps at least $1500 a month in his account. Calculate his service charges for each of the accounts, and suggest whether Dennis has chosen the best account for his needs. ACCOUNT OPTIONS Value Account Self-service Account Full-service Account Monthly fee Transaction Charges TOTAL
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started