Question

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 the savings account. What would be the most likely effect if the bank stopped paying interest?

The customer would reinvest his or her 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 the money at the bank, and the bank would eventually change its policy.

Answer 1

Am I right with A?

Answer 2

@smokeybrown

Answer 3

@astrid1

Answer 4

I think that's right; at least, that's what I would do in that situation!

Answer 5

A seems like the most reasonable thing to do in that situation, so you are correct :)

Answer 6

Thank you both

Answer 7

lifesavers