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

Are pansies monocots or dicots?
Find each sum or difference? Do u just work the problem out and put the answer down?
20 is what percent more than 5 ?
What is the prefix for discrete English
Through (-2, -2) parallel to 2y-x=7
How did Benjamin Banneker uses Rhetorical strategies to argue against slavery?Be specific Thank you,
Tell the value of the underlined digit 9,000,009 the first 9 is underlined
write an equation with the solution x=25
32 cups are in how many gallons
What are the solutions of -3-y^2=24