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

Translate the sentence into an inequality. A number w increased by 3 is greater than −19.
A health food company sells packs of assorted nuts. The company incurs a monthly fixed cost of $1,400 for ingredients and raw materials plus packaging costs of
En Costa Rica, se usa la frase 'pura vida' _____. as the name of a large plate of food that a wife would make for her husband as an expression to show a laid b
What is the arc length of arc CD in the circle below? Radius is 8ft and central angle is 35 degrees
What ideals and principles would you be willing to go to war for
A railroad flatcar is traveling to the right at a speed of 13.0 m/s relative to an observer standing on the ground. someone is riding a motor scooteron the flat
THE RECIPROCAL OF 4 IS
Find the value of angle M
the term magical realism was first used by:
Which vocabulary word best describes the thrush in “The Darkling Thrush”? A. languish B. prodding C. gaunt D. terrestrial