A Limit on the Amount You Must Keep on Deposit

question 47

Multiple Choice

A limit on the amount you must keep on deposit in order to earn interest or avoid a service charge is an example of a(n) :

• A) holding period.
• B) restriction.
• C) overdraft fee.
• D) share draft.
• E) certified deposit fee.

---

Definitions:

Formalized Testing

The process of administering tests under standardized conditions to measure specific aspects of an individual's performance or characteristics.

Assessment Activities

Tasks or exercises designed to evaluate skills, knowledge, or competencies of individuals.

Data Collection

The process of gathering and measuring information on targeted variables to answer relevant questions and evaluate outcomes.

Specific Examples

Specific examples refer to particular instances or cases that are used to illustrate a broader concept or to provide evidence for a claim.