Question

1. a cash - heavy restaurant that needs frequent night deposits and a local credit line should choose:

a. online/fintech bank
b. traditional bank
c. credit union out of state
d. investment brokerage

1. a community bookstore wanting lower fees and a local relationship might best use a not - for - profit cooperative:

a. credit union
b. investment bank
c. online wallet only
d. international remitter

Explanation:

For question 9: Traditional banks often have physical branches which can facilitate night deposits (through night - drop boxes) and are more likely to offer local credit lines as they have a physical presence in the area and can build relationships with local businesses. Online/fintech banks may lack the physical infrastructure for night deposits, credit unions out - of - state may not be as focused on local credit lines, and investment brokerages are mainly for investment services, not for frequent deposits and credit lines.
For question 10: Credit unions are not - for - profit cooperatives. They typically offer lower fees compared to for - profit banks and can build local relationships as they are often community - based. Investment banks are for large - scale corporate finance activities, online wallets only are more about digital payment storage, and international remitters are for sending money across borders, not for local relationships and lower fees in the context of a community bookstore.

Answer:

1. B. Traditional bank
2. A. Credit union