If Your Bank Offers You Free Checking If Your Average

question 51

Multiple Choice

If your bank offers you free checking if your average balance is at least $1000 and you would normally carry an average balance of $500, what is the annual cost to you of free checking if bonds are paying a 5.0% return?

• A)$50.00
• B)$0.00
• C)$20.00
• D)$25.00

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Definitions:

Democrats

A member or supporter of the Democratic Party, one of the two major contemporary political parties in the United States, traditionally associated with progressive and liberal policies.

Republicans

A member or supporter of the Republican Party, one of the two major political parties in the United States, traditionally advocating for conservative policies.

President's Foreign Policy

A comprehensive strategy devised by a country's president or governing body to manage its interactions with other nations.

Confidence Interval

A range of statistics, extracted from a sample, presumed to envelop the unidentified value of a population attribute.