A wealthy person has a savings account with a bank. Every month, the bank pays this person interest based on the amount of money in their savings account. What would be the most likely effect if the bank stopped paying interest?

Question

anonymous · Answer

The customer would reinvest his savings somewhere else, and the bank would have less money to lend.

 The customer would report the bank to the Federal Government and the bank would be closed.

 The customer would not care because interest rates are not competitive anyway.

 The customer would leave his money at the bank, and the bank would eventually change its policy.

anonymous · Answer

This doesn't seem like history, but I'd say the first one

anonymous · Answer

Thanks, and sorry for the confusion it's 7th grade civics. There is no open study subject for that so I figured histor was as close as I'd get...

anonymous · Answer

it might have been better posted in Language and Culture, or Social Studies.

anonymous · Answer

True, History was just the first one I saw..

anonymous · Answer

That would've been close