menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Personal Finance Study Set 4
  4. Exam
    Exam 5: Financial Services: Savings Plans and Payment Accounts
  5. Question
    A "Free" Checking Account with a Minimum Balance of $500
Solved

A "Free" Checking Account with a Minimum Balance of $500

Question 7

Question 7

True/False

A "free" checking account with a minimum balance of $500 has an opportunity cost of lost interest.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q3: Which of the following is a drawback

Q5: An all-purpose account that provides several services

Q8: The storage of funds for future use

Q9: An asset management account typically offers the

Q12: What is the term used to refer

Q18: Your bank statement shows a balance of

Q57: This type of savings plan is usually

Q63: A savings account at a credit union

Q92: The more frequent the compounding,the less a

Q98: Which CD starts with a higher rate,has

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines