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:

Criminal Behavior

Actions that violate laws and are subject to prosecution and punishment, which can range from minor theft to serious crimes like murder.

Deterrent

Something that discourages or prevents a particular action or behavior through fear of the consequences.

Cost Effective

A measure of how effectively resources (money, time, effort) are used to achieve a desired outcome, implying the best possible results with minimal waste.

Rage

Intense, uncontrolled anger that can manifest in aggressive behavior or emotional outbursts.