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

Princess Cooley

Mathematics

1 December, 08:50

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.

+2

Answers (1)

Know the Answer?

Keon Rush · 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.