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

how did jazz demonstrate the independent spirit of the times?
Pistachios were priced at 3 pounds for $ 6.99. (a) what were the price per pound? (b) how much would 10 pounds of pistachios cost?
Calculate the speed of a 3.5cm sound wave of frequency 8000Hz
A toy rocket is shot vertically into the air from a launching pad 5 feel above the ground with an initial velocity of 80 feet per second. The height h, in feet,
In a titration, 45.0 mL of KOH is neutralized by 75.0 mL of 0.30M HBr. How much KOH is in 1.0 liter of the KOH solution ?
if square root of 405 rounded to the nearest thousandth is 20.125  how do u simplify to get to that answer, thank u.
algae do not cause disease or not
A toy rocket is shot vertically into the air from a launching pad 5 feel above the ground with an initial velocity of 80 feet per second. The height h, in feet,
What is the state at which a net force is zero called
how do i make 24 using the numbers 11 6 10 2?