What is a minimum balance? a. the process of balancing your checkbook register against your bank statement b. the largest number of checks you can write in a month c. the smallest withdrawal you can make from a bank account d. the smallest amount of money you can keep in a bank account

What is a minimum balance?

D. The smallest amount of money you can keep in a bank account

Explanation:

For bank accounts, the minimum balance is the minimum dollar amount that a customer must have in an account to receive some service benefit, such as keeping the account open or receiving interest

D. The smallest amount of money you can keep in a bank account

Explanation:

The minimum balance is the minimum amount of money a bank account holder must keep in his account to keep it active. Some banks require the account holder to maintain a minimum amount in order to use the bank's services without paying fees, otherwise the bank will charge a fee during the statement cycle. This is because banks use account balances to make interest-bearing applications. If your balance is not sufficient for the bank to receive a certain amount when applying your money, the monthly fee will be charged to your account.

the correct answer is b) when the home value decreases, property taxes and insurance costs increase.

the answer is a.

by: nicholas dooley