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

From the tone of Chief Joseph’s speech, “I Will Fight No More Forever,” you can infer that he has been pursued for a long time. a. True b. False
Which kind of wave requires a medium for propagation? a. radio b. seismic c. gamma ray d. visible light
Why is MLK,Rosa Parks,Harriet Tubman,and Colin Powell considered heroes?
A chemical reaction is at equilibrium. Compared to the rate of the forward reaction, the rate of the reverse reaction is (1) faster and more reactant is produce
How is earth atmosphere like and dislike an ocean
of the service calls mike recieves 40% are for air conditoners and1/5 are for heaters what percent reprecents the amount of all other calls
what fraction is between 4/8 and 1
Explain why you might want to write very large and very small numbers in scientific notation.
what fraction is between 4/8 and 1
What is the participle in this sentence? The purring cat seems content, but it was whining earlier