Although There Are No Legal Minimum Balances for a NOW

question 173

True/False

Although there are no legal minimum balances for a NOW account,many institutions impose their own requirement,often between $500 and $1,000 before they pay any interest.

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Definitions:

Striations

Linear marks, grooves, or ridges on a surface, often observed in muscle tissue or rocks.

Multinucleate

Having multiple nuclei within a single cell, common in certain fungi and muscle cells.

Neoplasms

Abnormal growths of tissue in part of the body, often referred to as tumors, which can be benign or malignant (cancerous).

Malignant

Referring to cells or tumors that are cancerous and have the potential to spread (metastasize) to other parts of the body.