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If Your Bank Offers You Free Checking If Your Average

question 51

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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?


Definitions:

Opportunities for Women

Chances or avenues available for women to advance, grow, or succeed in various fields, emphasizing progress towards gender equality.

Retail Industry

Comprises businesses that sell goods and services directly to the end consumer for personal, non-business use.

Small Business

An independently owned and operated company that is limited in size and revenue depending on the industry.

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