Question

Financial experts recommend that you compare at least several different financial institutions in these areas and find the one that best meets your needs.

Answer 1

The answer to the statement above is TRUE, The recommended action from the financial experts to compare some several different financial institutions in finding to best that meets our need is correct. We should look for the best financial institutions that helps us in managing our finances.

Answer 2

Answer:

TRUE

Explanation:

Experts recommend that consumers research various types of financial institutions that provide the particular type of service he or she needs and compare the fees charged. This is necessary because the fees are not uniform, each institution may charge as much as it considers fair for the service. Thus, it is common to find discrepancies of values. In addition, consumers should research the history and reliability of the financial institution to lessen the risk of losing money on default.