Question 21 • ****Spring 2026 Financial Math - MA2007 MQS21QXV
Steven is looking at banks for checking and savings accounts. Some offer home loans and others do not. Steven may need a home loan sometime in the next few years. But he wonders if he should really ask what kinds of loans the bank makes, because he is getting a checking account, not a home loan. Which statement below gives the best reason for Steven to consider loan availability in choosing a checking account?
Answer
A
The bank offers $100 to customers who get a pre-approval for a home loan.
B
The bank provides ATMs in all the suburbs where Steve is interested in living.
C
Banks that provide home loans can usually charge lower fees on checking accounts.
D
If he needs a home loan in the future, he will have a relationship with the bank.
Explanation
Choosing a bank that offers home loans now could help Steven build a relationship with that bank through his checking and savings accounts. If he needs a mortgage later, having that existing relationship may be useful. The best reason is that he will already have a relationship with the bank if he needs a home loan in the future.
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