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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.


Definitions:

Feminization of Poverty

The phenomenon where women are more likely than men to live in poverty, often due to wage gaps, single motherhood, and a lack of access to well-paid jobs.

Gendered Health Issues

Health problems specifically related to or more prevalent in one gender due to biological, social, and cultural factors.

Life Expectancy

The average number of years an individual or a population is expected to live based on statistical analysis, reflecting overall health conditions and quality of life in a given area.

Intersectionality

A concept that identifies how different categories of inequality (race, class, gender, etc.) intersect to shape the lives of individuals and groups.

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