Answers CARE_24_25_TX-Mathematical Models with Applications A Other Bank AccountsQuestion 4

4

InstructionMultiple Choice

Other Bank Accounts

Question 4 • CARE_24_25_TX-Mathematical Models with Applications A

Select the correct statement and rationale relating the interest rates of online banks to those of traditional banks.

Answer

A

Online banks offer greater interest rates than traditional banks because they are more risky,

B

Online banks offer greater interest rates than traditional banks because they have lower overhead costs.

C

Online banks offer lower interest rates than traditional banks because they have not had enough time to establish themselves.

D

Online banks offer lower interest rates than traditional banks because that is the cost of convenience.

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