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.

Answer 1

c. The chance to win a prize is a marketing gimmick and not a sound reason by itself to choose a bank; the others are valid reasons to compare banks.