If you were teaching a foreign visitor about checking and savings accounts at banks and credit unions in the USA, which item below would you say consumers of these accounts usually do not have as a protection of their rights?

a.

Government-backed insurance on the deposits.

b.

Regulation of bank practices by government agencies.

c.

A written statement providing the current fees and policies for the account.

d.

No automatic fees charged to the account.

Question

Mathematics

Jovany Baxter

25 November, 04:26

If you were teaching a foreign visitor about checking and savings accounts at banks and credit unions in the USA, which item below would you say consumers of these accounts usually do not have as a protection of their rights?

a.

Government-backed insurance on the deposits.

b.

Regulation of bank practices by government agencies.

c.

A written statement providing the current fees and policies for the account.

d.

No automatic fees charged to the account.

+1

Answers (1)

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Nathen Golden · Answer 1

Answer: D. No automatic fees charged to the account.

If I had the chance to teach a foreigner regarding checking and savings account at the banks in the United States, I would remind him/her of this important note. There are no automatic fees charged to the account therefore, consumers cannot protect their rights.