All of the following are reasons that a person might be unbanked except:

• A. Having a high credit score and multiple investment accounts
• B. High fees associated with maintaining a bank account
• C. Lack of access to nearby banking institutions
• D. Preference for using cash instead of electronic payments

Answer: (A)

Verified step by step guidance

1. Understand the term 'unbanked': it refers to individuals who do not have access to or do not use traditional banking services such as checking or savings accounts.
2. Identify reasons why a person might be unbanked: common reasons include high fees for maintaining accounts, lack of access to banks nearby, and a preference for cash over electronic payments.
3. Analyze each option to see if it aligns with reasons for being unbanked. High fees, lack of access, and preference for cash are all barriers or choices that can lead to being unbanked.
4. Recognize that having a high credit score and multiple investment accounts indicates active participation in the financial system, which contradicts being unbanked.
5. Conclude that the exception (the correct answer) is the option that shows financial engagement rather than exclusion, which is 'Having a high credit score and multiple investment accounts.'