21
QuizMultiple Choice

Study Guide and Quiz

Question 21 • GA-Introduction to Business and Technology

What is a minimum balance?

Answer
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

Explanation

A minimum balance is the least amount of money an account holder must keep in a bank account, often to avoid a fee or meet account requirements. That matches “the smallest amount of money you can keep in a bank account.” Balancing a checkbook against a statement is a different banking task.

AI-written and checked against the verified answer.

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