Multiple Choice
Lorenzo is considering two banks for his checking account. Suny Bank requires a minimum deposit of $100 and charges a monthly fee of $8, plus 5 cents a check. Merchants Bank also requires a minimum deposit of $100, it charges a per check fee of 15 cents but no monthly fee. How many checks would Lorenzo need to write each month to make Suny Bank cheaper to use than Merchants?
A) over 50
B) over 60
C) over 70
D) over 80
Correct Answer:

Verified
Correct Answer:
Verified
Q3: You have $3,000 that you may need
Q4: A nondepository institution facilitating transactions in stocks
Q5: An example of a depository financial institution
Q6: The relationship between risk and return is
Q7: Which of the following is not a
Q9: Which of the following is not a
Q10: Savings institutions accept deposits and provide mortgage
Q11: A _ is a check that is
Q12: _ are nondepository institutions that facilitate the
Q13: Interest rate changes are affected by the