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A "No-Fee" Checking Account That Requires a Non-Interest-Earning Minimum Balance

question 4

True/False

A "no-fee" checking account that requires a non-interest-earning minimum balance of $500 has an opportunity cost of lost interest earnings.


Definitions:

Abrasion

A wound caused by superficial damage to the skin, typically not deeper than the epidermis.

-esis

A suffix used in medical terminology to denote a process or condition.

-us

A morphological ending in Latin or Greek used in medical terminology, typically indicating a masculine singular noun.

-ole

A suffix used in chemistry to denote a smaller or lesser compound, often used in naming molecules.

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