Question

There are several reasons why people should use a financial institution to help them with managing their money. Choose all valid reasons to have an account with a financial institution?

Answer 1

Answer:

-allows quick access to your money

-insured against losses up to federal maximum amount

-cheaper than other possible alternatives

-possibility of renting a safe deposit box to store valuable documents and other items

-provides a safe place for money

-helps with establishing credit and getting loans

Explanation: