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

2,500 dollars of 4.5% of 2 years
what is nascent hydrogen​
A body paragraph in an essay is one that
what is 1.07divided into 347.75​
Write a summary of the Holocaust
Someone wants to buy a costume for $120. He had a coupon for 33 1/3% off the price. What is the price of the costume after the coupon without tax?
Which of the following is a reasonable conclusion based on the map? States in the Northeast lost more representatives due to population decline than the Wester
Please give me a thorough answer and a scientific reason with proof of why. If Lactaid passes through the stomach (pH 2) then it will digest lactose when it rea
you have an 7-by-5-inch photo of the math club that must be reduced to a size of 5.6 inches by 4 inches for the school yearbook. what percent does the photo nee
What happens when you moan