22
QuizMultiple Choice

Managing Credit and Debit — Test

Question 22 • Personal Finance

Which account has the lowest minimum balance requirement? Bank Account Terms and Conditions A B C D Minimum Balance 500 dollars 250 dollars 300 dollars 100 dollars Interest 0 point 2 percent 0 percent 0 point 0 2 percent 0 percent Overdraft Fees 0 dollars if linked with savings account or 40 dollars per overdraft 35 dollars per overdraft 25 dollars per overdraft 25 dollars per overdraft ATM Usage/Fees 0 dollars for all ATMs 0 dollars for ABC bank ATMs 3 dollars for non-ABC bank ATMs 4 dollars per transaction 3 dollars per transaction Monthly Fee 10 dollars or 0 dollars with direct deposit 0 dollars 0 dollars 0 dollars Annual Fee 0 dollars 10 dollars 0 dollars 12 dollars

Answer
A
Account D
B
Account C
C
Account A
D
Account B

Explanation

Compare the minimum balance requirements: Account A requires $500, Account B $250, Account C $300, and Account D $100. Since $100 is the lowest amount, Account D has the lowest minimum balance requirement.

AI-written and checked against the verified answer.

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