Business Middle School

Which describes the purpose of minimum-balance fees?
O make sure customers keep sufficient funds in their account
collect funds for withdrawals from a competitor's machine
pay for the costs of having bank employees
penalize customers for writing checks for money they don't have

Answers

Answer 1

The correct answer is A. Make sure customers keep sufficient funds in their account

Explanation:

In bank accounts or similar, minimum-balance fees are fees paid when your funds or balance is below a certain level determined by the bank or financial institution. In this way, if you keep the total balance or funds above the minimum you can avoid paying certain fees or losing certain benefits. According to this, the main purpose of minimum-balance fees is to motivate customers to keep sufficient funds or money in their accounts, and in this way avoid extra fees.

Related Questions

Your friend wants to buy a new television that is out of his budget; however, he discovers a local place where he can get the television and then make weekly payments. Based on what you learned in the lessons, is this a wise financial decision? Explain why or why not.

Answers

Depends if you want to do it or not but in my opinion it is a good way to get what you want but first think how many wells months or years will it take to pay it off

Answer:

This is not a smart financial decision. This sounds like an example of a rent-to-own service. With this weekly payment method, this service may charge him high interest rates. Once he fully pays off the television, he will have paid way more for it than he originally would've had to.

Explanation:

Personal Financial Literacy on FLVS

A main reason to improve product quality is that doing so can achieve which of the following?

A. Deepening the product mix

B. Extending the product life cycle

C. Lowering the cost to make the product

D. Creating product line extensions

Answers

Answer:

B. Extending the product life cycle.

Explanation:

The main reason to improve product quality is that doing so can achieve  Extending the product life cycle. Thus the correct option is B.

What is Product quality?

Product quality is a key determiner to know about the satisfaction of customers. It helps businesses to evaluate whether the product is successful in meeting the requirements of customers.

When the product is not performing well its life cycle gets declined due to poor performance factors so the main reason to improve the product quality is to extend the product life cycle so that it can serve in the market for a longer duration of time.

The quality and price of the product are two main factors that help to give rise to its lifecycle by developing bettwer customer satisfaction with the goods and services.

Therefore, option B is appropriate.

Learn more about  the product life cycle, here:

brainly.com/question/15177349

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In the northern colonies, cities sprang up
around trade ports, resulting ina need
for more
A. slaves
B. plantations
C. ship builders​

Answers

The answer is C I hope this helps you

Answer: C. Ship Builders is the right answer

Explanation:

Which step follows the marketing mix step in the process of marketing management?

Answers

Answer: branding

Explanation:

What is the return rate for brick-and-mortar stores?

Answers

Answer:

At brick-and-mortar stores, return rates can average a much lower 8.89%, with apparel being returned 9.96% of the time and footwear 9.13% of the time.

five productive activities where division of labour is not needed​

Answers

Answer:

1. Fitness

2. Reading

3. Watch educational videos

4. Think of inventions

5. Eat

Explanation:

Why might a mutual fund be a better investment than individual stocks and bonds? A. A mutual fund guarantees dividends. B. Stocks are more expensive. C. Risk is diversified with a mutual fund. D. Bonds carry less risk. E. Stockholders can pick the stocks for their mutual fund.

Answers

Answer:

A mutual fund might be better investment than individual stocks and bonds because:

C) Risk is diversified with a mutual fund

Explanation:

Mutual funds is an investment in which money is brought together from a group of investors, which are invested into stock, bonds, money market account, and much more.

We know the famous idiom "Don't put all your eggs in one basket", well mutual funds do that for you. When you invest, you try your best to reduce the risk, and most important way to do it is through diversification. Mutual funds offer investors a great way to quickly diversify their holdings. Unlike stocks and bonds, investors can keep a small amount in one or more funds and have access to a variety of investment options.

Answer: C

Explanation:

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