Question

You have decided both to open a savings account and to purchase a vehicle. You would like a savings account with the highest interest rate and a vehicle loan with a low interest rate. You currently have a checking account at Bank A. From the banks listed below, determine with which bank you should open a savings account and at which bank should you apply for your vehicle loan.



a.


Bank A for the car loan and Bank B for the savings account




b.


Bank C for the car loan and Bank C for the savings account




c.


Bank B for the car loan and Bank A for the savings account




d.


Bank B for the car loan and Bank B for the savings account

Answer 1

Bank B for the car loan and Bank A for the savings account open a savings account and to purchase a vehicle.

Answer 2

Answer:

C.

Explanation:

Bank B for the car loan and Bank A for the savings account