Case Study: Exploring Different Types of Bank Accounts

Scenario: Cassidy recently started her first job and wants to open a bank account. She's confused about the different types of accounts available and their features. Questions:

What are the main types of bank accounts Cassidy can choose from?

How does the Federal Reserve influence monetary policy, and what impact does it have on Cassidy's banking experience?

What are the advantages and disadvantages of traditional banking compared to alternative banking options?

Research at least three local banks in your area and provide a breakdown of services offered, account types, fees associated with opening accounts, restrictions to the accounts, and recommend a specific bank or financial institution.