Question
Macky wants to open a checking account. He is examining different banks and banking accounts. Then he will choose a
bank account for his needs. Which of the following statements should not be one of Macky’s reasons for choosing a
bank?
a. Being more informed leads to being better prepared to make financial decisions.
b. Banks could have charges that Macky does not know about until reading carefully.
c. The first bank Macky considered offered a chance to win a prize upon opening an account.
d. He will become more aware of how well banks meet his particular needs.
Please select the best answer from the choices provided
bank account for his needs. Which of the following statements should not be one of Macky’s reasons for choosing a
bank?
a. Being more informed leads to being better prepared to make financial decisions.
b. Banks could have charges that Macky does not know about until reading carefully.
c. The first bank Macky considered offered a chance to win a prize upon opening an account.
d. He will become more aware of how well banks meet his particular needs.
Please select the best answer from the choices provided
Ask by Martinez Warner. in the United States
Mar 27,2025
Upstudy AI Solution
Tutor-Verified Answer
Answer
The reason that should not influence Macky’s choice is:
c. The first bank Macky considered offered a chance to win a prize upon opening an account.
Solution
To determine which statement should not be one of Macky’s reasons for choosing a bank, let’s analyze each option:
a. Being more informed leads to being better prepared to make financial decisions.
- This is a valid reason as being informed helps in making better choices.
b. Banks could have charges that Macky does not know about until reading carefully.
- This is also a valid reason, as understanding potential charges is crucial in selecting a bank.
c. The first bank Macky considered offered a chance to win a prize upon opening an account.
- This reason is less about the suitability of the bank for Macky’s needs and more about a promotional offer. It may not reflect the bank’s overall quality or how well it meets his needs.
d. He will become more aware of how well banks meet his particular needs.
- This is a valid reason, as understanding how well a bank meets his needs is essential for making a choice.
Based on this analysis, the statement that should not be one of Macky’s reasons for choosing a bank is:
c. The first bank Macky considered offered a chance to win a prize upon opening an account.
Answered by UpStudy AI and reviewed by a Professional Tutor
Like
error msg
Explain 
Simplify this solution Bonus Knowledge
The statement that should not be one of Macky’s reasons for choosing a bank is:
c. The first bank Macky considered offered a chance to win a prize upon opening an account.
c. The first bank Macky considered offered a chance to win a prize upon opening an account.
Choosing a bank should be based on informed financial decisions rather than promotional offers, which may not align with Macky’s actual banking needs or financial goals.
