Which of the following is NOT a common feature of a financial institution?
A. Direct deposit
B. Paper checks
C. Access to investment advice
D. Checking and savings accounts
Which of the following is NOT a common feature of a financial institution?
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The correct answer is B. Paper checks.
Explanation: While paper checks can be offered by financial institutions, they are not considered a common feature in today’s digital banking environment. Direct deposit, access to investment advice, and checking and savings accounts are standard services provided by financial institutions. In contrast, the use of paper checks has declined due to the rise of electronic payment methods.