Mejia22
Mejia22 Mejia22
  • 02-04-2020
  • Business
contestada

Why would a financial institution require a minimum balance for a checking account?

Respuesta :

shanakea2324 shanakea2324
  • 02-04-2020

Answer:

Money market requires a minimum balance because the money is treated as part of your investment wherein it yields higher interest income that the basic saving account. The minimum balance is the one that is use by the bank for loans and lending it to borrowers.

Explanation:

Answer Link

Otras preguntas

What is a test variable? Give an example.
Mr. Smith was a gregarious person; however, his wife was painfully shy. In this sentence, what does the word gregarious mean? A. arrogant B. loud C. smart D.
hi guys pleas help me ;((
What year comes before 12 BC?
PLEASE ANSWER FAST, TIMED TEST What was the outcome of the Battle of Karbala? A. An Umayyad defeated Shia Muslims B. An Ottoman army captured Constantinople C
Help? Im confused on this one, btw I'll give you 20 pts if you answer it ;>
Read the excerpt from Esperanza Rising. Esperanza looked up to see Miguel, holding a broom and a dustpan. But he wasn't laughing. She looked down and bit her li
what is the population in orlando fl also who live in bradenton
Which type of triangle has no equal sides and equal angles
16) 2 is what percent of 20