Question

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

Answer 1

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%)

Answer 2

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.