Types of Bank Accounts

• It can be opened at a brick-and-mortar bank, credit union, or online bank (correct)
• It does not allow bill payments
• It is designed specifically for long-term savings
• It can only be opened at a traditional bank

• To complicate the decision-making process for customers
• To offer the same features and benefits to all customers
• To limit the options available to customers
• To serve different banking needs based on individual requirements (correct)

• It is only available at nonbank financial institutions
• It is generally the most common option available (correct)
• It offers high interest rates for savings
• It does not allow online banking

<p>At a brick-and-mortar bank, credit union, or online bank (C)</p> Signup and view all the answers

<p>Different purposes based on individual needs (A)</p> Signup and view all the answers