13
QuizMultiple Choice

Banking Basics

Question 13 • FA Personal Finance

Read the scenario.Mia is a college student who often travels between cities. She needs to open a checking account.Why would Mia prefer a bank that provides online and mobile banking services?

Answer
f
for the ability to manage her account on the go
t
to receive higher interest rates on large deposits
f
for the convenience of visiting a physical bank
t
to take advantage of digital budgeting tools with the apps

Explanation

Because Mia often travels between cities, online and mobile banking would let her check balances and manage her account wherever she is. This matches choice A, the ability to manage her account on the go. Digital budgeting tools may also be useful, but they do not address her travel needs as directly.

AI-written and checked against the verified answer.

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