Question

Which type of checking account requires a certain amount of money to be kept in it at all times in order to avoid fees?

A. Minimum balance account
B. Free account
C. Average balance account
D. Cost-per-check account

Answer 1

Hi friend,
A) Minimum balance account
Hope this helps you!

Answer 2

A. Minimum balance account requires an amount of money to left in it all times in order to avoid fees.

Explanation:

We have "many types of account" available in the banking sectors. As per the convenience of the customer, they opt from them. The minimum balance account is the type of account in which the customer has to maintain a standard amount prescribed by the bank in his account, failing to maintain it will lead to the gathering of fine or fee.