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 accountb.Bank C for the car loan and Bank C for the savings accountc.Bank B for the car loan and Bank A for the savings accountd.Bank B for the car loan and Bank B for the savings account Please select the best answer from the choices providedABCD

Answer 1

The bank that is chosen are Bank B for the car loan and Bank A for the savings account. The correct option is c.

What is a bank?

A bank is an institution that save people money and lend them money as loan. Bank has interest rates that apply on saved money and an interest that is taken from the loan money.

Thus, the correct option is c.

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