The $500 Minimum Balance You Are Required to Keep in Your

question 101

True/False

The $500 minimum balance you are required to keep in your NOW checking account represents an opportunity cost.

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Definitions:

High Energy Bond

A bond, typically found between phosphate groups in ATP, that releases a significant amount of energy when broken, commonly used in cellular processes.

Phosphate Groups

Functional groups consisting of a phosphorus atom covalently bonded to four oxygen atoms, important in energy transfer and molecular structure of nucleic acids.

Enzyme

Biological molecules that act as catalysts, speeding up chemical reactions in living organisms.

Digesting

The process of breaking down food into smaller components that can be absorbed into the bloodstream and used by the body.