Next O End of Semester Test: Personal Finance
37
Select the correct answer.
What is the minimum deposit required to open a savings account?
O A.
$$50
O B.
$$100
○ C.
$$25
O D. $$1,000
Reset
Next

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isaiahnunez736627189 isaiahnunez736627189

14-05-2024
Business

Answered

Next O End of Semester Test: Personal Finance
37
Select the correct answer.
What is the minimum deposit required to open a savings account?
O A.
$$50
O B.
$$100
○ C.
$$25
O D. $$1,000
Reset
Next

Verified Answer :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-05-14T08:30:57-04:00

To open a savings account, one must make an initial deposit that meets or exceeds the required minimum set by the banking institution. This minimum deposit amount can vary from bank to bank and may also depend on the type of savings account you are looking to open.

Given the options provided:

A. $$50 B. $$100
C. $$25 D. $$1,000

The correct answer is:

B. $100

This is the minimum deposit required to open a savings account based on the options provided. When opening a savings account, always make sure to review the specific requirements of the bank, as they can differ, and ensure you have enough for the initial deposit.

Next O End of Semester Test: Personal Finance37Select the correct answer.What is the minimum deposit required to open a savings account?O A.\($50 O B. $\)100○ C.\($25 O D. $\)1,000ResetNext

Verified Answer :

Related Questions

Next O End of Semester Test: Personal Finance
37
Select the correct answer.
What is the minimum deposit required to open a savings account?
O A.
\($50
O B.
$\)100
○ C.
\($25
O D. $\)1,000
Reset
Next