3 years ago

Why would financial institutes require a minimum balance for a checking account

Mathematics

1 answer:

nirvana33 [79]3 years ago

5 0

Answer:

Hope this helps!

Step-by-step explanation:

Banks require minimum balances for a variety of reasons. It allows bank to have more deposits, which in turn allows them to lend more money and maintain certain regulatory financial ratio requirements.

You might be interested in

(X^2-2x+1)/x^2-x how do you simplify and divide this rational expression

Georgia [21]

$\frac{X^2-2x+1}{x^2-x} = \frac{(x-1)(x-1)}{x(x-1)} = \frac{x-1}{x}$

5 0

3 years ago

Read 2 more answers

Please help I will mark brainlest

spin [16.1K]

Hope this helps, pls mark me brainliest

4 0

3 years ago

I need help with the answer.

Alchen [17]

Answer:

a) a = 12s

Step-by-step explaination:

5 0

3 years ago

Andy says she splits her time on her homework as follows: 45 percent on math, 20 percent on science, 18 percent on social studie

vlabodo [156]

Answer:

45 hours on math, 20 on science, 18 on soc st, and 17 on la

Step-by-step explanation:

percents are how many out of one hundred

8 0

3 years ago

If you pay for $25.00 for purchase which includes 11% sales tax. how much is the sales tax?

Delvig [45]

Since it includes 11% sales tax, this means that (purchase)+11% of (purchase)=25.00. Since 11% = 0.11 by multiplying it by 1/100, we have 1*purchase+0.11*purchase=1.11*purchase=25.00. Dividing both sides by 1.11, we get around 22.73 as the original purchase. This means that the difference between the purchase price and the total price is the sales tax, which is around 2.27 dollars.

Feel free to ask further questions!

5 0

3 years ago

Read 2 more answers