1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Natalka [10]
3 years ago
6

What does it mean for a savings account to have a minimum balance? a. If you do not keep at least that much money in the account

, you will be assessed fees. b. If the amount of money you have in the account drops below the minimum, the interest rate will increase to replenish your savings to the minimum. c. You must have the minimum amount of money in a separate account before you are allowed to open a savings account. d. You must deposit that much money into the account every month or your account will be closed.
Business
2 answers:
Gelneren [198K]3 years ago
6 0
A) If you do not keep at least that much money in the account, you will be assessed fees
Aleonysh [2.5K]3 years ago
4 0

Answer:

a. If you do not keep at least that much money in the account, you will be assessed fees.

Explanation:

The savings account is the account in which the individual and a company, etc deposit their amount to the bank and withdrawal whenever they need.  

Every bank has its own eligibility criteria for maintaining their saving account by having the minimum balance in their account

If anyone is not maintaining his or her minimum balance amount that he or she has to assessed fees in terms of interest charged by bank or we called as a fine also

So in the given situation, the minimum balance in the savings account means it is a compulsory amount which is to be maintained by the individual or a company, etc that are set by the bank norms.

You might be interested in
Choose the correct category for the items from Sun Company's perspective.
olga nikolaevna [1]

Answer:

a. Land purchased by Sun Company from a local finance company

1) REAL ASSETS, the land exists as a physical asset regardless of the company's transaction.

b. Sun Company's administration building, which houses the finance department

1) REAL ASSETS, the building exists as a physical asset regardless of the company's transaction.

c. Sun Company's inventories of raw materials

1) REAL ASSETS, the inventories exists as a physical asset regardless of the company's transaction.

d. Accounts receivable: money owed to Sun Company by other companies who have purchased products on credits

2) FINANCIAL ASSETS, accounts receivable is a financial concept, not a physical asset

e. Sun Company's corporate checking accounts

2) FINANCIAL ASSETS, checks is a financial concept that represent money, not a physical asset

3 0
2 years ago
A decrease in the price of a good will lead​ to:_______
butalik [34]

Answer:

C. a movement down along the supply curve for that good. 

Explanation:

A decrease in price would lead to a decrease in the quantity supplied and a movement down along the supply curve.

This is in accordance to the law of supply which says the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

6 0
3 years ago
John, an American executive, learns that a foreign subsidiary hired a 12-year-old orphan girl to work on the factory floor. He k
tino4ka555 [31]

Answer: An ethical dilemma

Explanation:

An ethical dilemma is a situation where an individual is faced with making a decision between two options where if any option is chosen the individual might act against his/her moral principle. Like in the question, John is faced with the option of either complaining about child labor and then the child losses his/her source of income or allowing things to be as they already are.

4 0
3 years ago
Read 2 more answers
The laffer curve makes the point that cutting a very high marginal tax rate can __________ the tax base enough so that tax reven
Ivenika [448]
<span>The laffer curve makes the point that cutting a very high marginal tax rate can raise the tax base enough so that tax revenues actually rise. The Laffer Curve is a theory that was developed by Arthur Laffer. The theory explains the relationship between tax rates and how much tax revue the government creates. </span>
8 0
3 years ago
When a counteroffer is made, the offer is
Elina [12.6K]

Answer:

D- Terminated

Explanation

The original offer is terminated and a new offer is formed.

3 0
3 years ago
Other questions:
  • A customer buys a new issue municipal bond with a dated date of January 1st, settling on February 1st. The first interest paymen
    11·1 answer
  • A. On 8/6/10 the company purchased some additional equipment from a restaurant that closed the previous month. The equipment was
    5·1 answer
  • In supplier selection, the main idea is to find the highest-quality materials available.
    10·1 answer
  • A smaller business with variable cash flow is looking to establish a pension plan for its 50 employees. It wants a plan that all
    11·2 answers
  • name something you have purchased in the past year and describe in as much detail as posible how much this good or service incre
    15·1 answer
  • You bought one of Great White Shark Repellant Co.'s 8 percent coupon bonds one year ago for $810. These bonds make annual paymen
    15·1 answer
  • Which of the following statements concerning a bank savings account is false? a. Deposits are insured for at least $100,000. b.
    9·1 answer
  • _____________ is a promise of future payment issued by a firm and guaranteed by a bank that is used to finance international tra
    5·1 answer
  • During 2020 Came Corporation transferred inventory to Nolan Corporation and agreed to repurchase the merchandise early in 2021.
    11·1 answer
  • Which of the following statements would be
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!