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aniked [119]
3 years ago
15

You are examining your choices of banks to open a new savings account. Costs include monthly maintenance fees and statement copy

fees. Income can come from ___________. a. Overdraft fees b. Debit cards c. Minimum monthly balance d. Interest on deposits
Business
2 answers:
lukranit [14]3 years ago
6 0

The answer is: d. interest on deposits

Interest on deposits refers to the amount of interest payment that the banks would give to account owner for keeping a certain amount of balance in their institutions. The number of this interest is usually really small, (on average it is usually around 0.01%)

e-lub [12.9K]3 years ago
6 0
The answer is D.Interset on deposits. I just had that question and I picked B. and I got it wrong the correct answer is D.
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Answer:

The initial deposit should be $ 25.46

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After entering corresponding values in the formula we get $25.46

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