Question
Which of the following items may be a good consideration in selecting a bank?
I. The bank sends a representative to the local mall to promote new applications.
II. Number of ATMs or bank branches near where you live, shop, work, or travel.
III. Knowledge of personal usage habits and needs.
a. I and II
b. II and III
c. I and III
d. I, II and III
I. The bank sends a representative to the local mall to promote new applications.
II. Number of ATMs or bank branches near where you live, shop, work, or travel.
III. Knowledge of personal usage habits and needs.
a. I and II
b. II and III
c. I and III
d. I, II and III
Ask by Pritchard Warren. in the United States
Mar 27,2025
Upstudy AI Solution
Tutor-Verified Answer
Answer
Selecting a bank is best done by considering the number of nearby ATMs or branches (II) and understanding your personal banking habits and needs (III).
Solution
To determine which items may be a good consideration in selecting a bank, let’s analyze each option:
I. The bank sends a representative to the local mall to promote new applications.
- This may indicate the bank’s marketing strategy, but it doesn’t necessarily reflect the quality of services or convenience for the customer.
II. Number of ATMs or bank branches near where you live, shop, work, or travel.
- This is a significant consideration as it affects accessibility and convenience for banking services.
III. Knowledge of personal usage habits and needs.
- Understanding personal banking habits and needs is crucial for selecting a bank that offers suitable services and products.
Now, let’s evaluate the options:
- a. I and II: Includes a less relevant factor (I).
- b. II and III: Both are relevant and important considerations.
- c. I and III: Includes a less relevant factor (I).
- d. I, II and III: Includes a less relevant factor (I).
The best choice is b. II and III, as they both represent important considerations when selecting a bank.
Answered by UpStudy AI and reviewed by a Professional Tutor
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Explain 
Simplify this solution The Deep Dive
Selecting a bank can feel a lot like dating; you need to find the right match! A bank’s accessibility through its ATM and branch locations (option II) is crucial. Imagine running errands only to discover there’s no bank nearby! Convenience can save you a ton of time and stress.
Also, knowing your personal banking needs (option III) is essential. If you frequently travel or need to deposit cash often, choose a bank that caters to those habits. Tailoring your bank choice to fit your lifestyle will lead to a happier banking relationship!
