Daryl would like to open new checking and savings accounts. One of his primary concerns is avoiding bank fees. Which type of banking institution is most suitable for Daryl?

a.a retail bank
b.a commercial bank
c.a savings and loan
d.a credit union

The best option for Daryl would be a Credit Union since a Credit Union is a cooperative of people who finance each other. The target is not the profit per se but to offer cheaper loans among the cooperate members.

That's why typically there are no fees, only the margin enough to keep on funding new loans.

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Daryl would like to open new checking and savings accounts. One of his primary concerns is avoiding bank fees. Which type of banking institution is most suitable for Daryl? a.a retail bank b.a commercial bank c.a savings and loan d.a credit union

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Daryl would like to open new checking and savings accounts. One of his primary concerns is avoiding bank fees. Which type of banking institution is most suitable for Daryl?

a.a retail bank
b.a commercial bank
c.a savings and loan
d.a credit union