Mejia22
Mejia22 Mejia22
  • 02-04-2020
  • Business
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Why would a financial institution require a minimum balance for a checking account?

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shanakea2324 shanakea2324
  • 02-04-2020

Answer:

Money market requires a minimum balance because the money is treated as part of your investment wherein it yields higher interest income that the basic saving account. The minimum balance is the one that is use by the bank for loans and lending it to borrowers.

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