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Elan Coil [88]
3 years ago
5

What is a minimum balance? A. The process of balancing your checkbook register against your bank statement B. The largest number

of checks you can write in a month C. The smallest withdrawal you can make from a bank account D. The smallest amount of money you can keep in a bank account
Business
2 answers:
Airida [17]3 years ago
6 0

Answer:

D. The smallest amount of money you can keep in a bank account

Explanation:

The minimum balance is the minimum amount of money a bank account holder must keep in his account to keep it active. Some banks require the account holder to maintain a minimum amount in order to use the bank's services without paying fees, otherwise the bank will charge a fee during the statement cycle. This is because banks use account balances to make interest-bearing applications. If your balance is not sufficient for the bank to receive a certain amount when applying your money, the monthly fee will be charged to your account.

Leno4ka [110]3 years ago
3 0

Answer:

What is a minimum balance?

D. The smallest amount of money you can keep in a bank account

Explanation:

For bank accounts, the minimum balance is the minimum dollar amount that a customer must have in an account to receive some service benefit, such as keeping the account open or receiving interest

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A supplier is offering your firm a cash discount of 2 percent if purchases are paid for within ten days; otherwise, the bill is
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3 years ago
Operating activities: Multiple Choice Are the means organizations use to pay for resources like land, buildings and equipment. I
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Answer:

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5 0
3 years ago
As an investor studying the gold standard, Kyle knows that he would need 44 euros to purchase one ounce of gold. These 44 euros
Fudgin [204]

Answer:

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