Which One of the Following Is True for an Interest-Earning

question 63

Multiple Choice

Which one of the following is true for an interest-earning account?

• A)It usually requires a minimum balance.
• B)It is an account that charges a fee for each check written.
• C)It does not earn interest.
• D)It does not require a minimum balance.
• E)None of these are true.

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Definitions:

Belongingness Needs

A psychological need referring to the human emotional requirement for interpersonal relationships, feeling part of a group or community.

Grade-point Average

A numerical calculation representing the average value of the accumulated final grades earned in courses over time, scaled typically on a 0 to 4.0 scale.

Close Relationships

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