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

Is it possible to cut a rectangular prism so that its cross section is a circle orman ellipse?
How does the atmosphere balance the unequal heating of Earth's surface
3/8 divided by 1/2 =
during a bike challenge, riders have to collect various colored ribbons. each 1/2 mile they collect a red ribbon, each 1/8 mile they collect a green ribbon, and
Cells exchange material across the cell ___?
7 2\3+ (5 1\6-1 5\9)
the sum of two numbers is 9. if one number is subtracted from the other, the result is 3. find the numbers
What date was the first recorded Valentine card sent?
9^x=27^(x+2) how do I do that? I don't get how to do it with different bases
what problems did canal builders overcome