Why would a money market account require a minimum balance?

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Answer 1

Answer: Money market requires a minimum balance because the money is treated as part of your investment wherein it yields higher interest income that the basic saving account. The minimum balance is the one that is use by the bank for loans and lending it to borrowers.

Related Questions

I need help right away with the next problem.
The 2004 Tour de France was 3391.1 kilometers.The winner won the trace in a little over 83.5 hours fill in the blank to find the winners average speed in meters per hour.
Graph the function and identify the domain and range. y = –0.5x2
Solve 4^(2x) = 7^(x−1).
If the standard deviation for a data set is equal to 9, then the variance for that data set is equal to___

Kate is at a T-shirt sale where she can buy one and get a second one for 30% off. She wants to buy two T-shirts listed at $19 each. How much will she pay?

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So in this problem we can state that each T-shirt costs S19 each. And if Kate buys two she gets a 30% off with the second shirt she buys. And how much will she pay?

Solution:
1.       19 for each t-shirt
2.       Total of $38 if not provided with 30% off
3.       19 x 0.3 = 5.7
4.       Hence 30% of $19 is $5.7
5.       Next is we deduct $5.7 which is 30% of $19.
6.       19 – 5.7 = $13.3
7.       Therefore we add one shirt for $19 and the second, less 30% off which now only costs for $13.3.
8.       19 + 13.3 = 32.3
9.       Conclusively, she will pay $32.3 for the shirts.

A sports store donates basketballs and soccer balls to the boys and girls club. The ratio of basketballs to soccer balls is 7 : 6. The store donates 24 soccer balls. How many basketballs does the store donate? Show work pls

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Answer:

Step-by-step explanation:

24/6=4 then take the 4 and multiply it by 7(other number in ratio) and you get 28

A school has ordered 16 buses that each have 40 seats for a school trip. There are 32teachers and 576 students. Each bus must have 2 teachers and the rest students. If the
students are distributed evenly amongst the buses, how many students would be on each
bus? How many empty seats will there be in total?

Answers

36 students will be in each buses for the trip.

The total number of empty seat in the buses is 32

How to find the total number of seats?

The school ordered 16 buses that each have 40 seats for a school trip.

There are 32 teachers and 576 students.

Each bus must have 2 teachers and the rest students.

The students were distributed evenly amongst the buses.

Therefore,

number of student in each buses = total number of student / number of buses

number of student in each buses = 576 / 16

number of student in each buses = 36

Therefore, 36 students will be in each buses for the trip.

Each buses has 40 seats.

Recall, 2 teachers are even distributed in each buses.

Therefore

number of empty seat in total = 16 × (40 - 36 - 2)

number of empty seat in total = 16 × 2

number of empty seat in total = 32

Therefore, the total number of empty seats in the buses is 32.

learn more on algebra(total number) here: brainly.com/question/13875201

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Using the example above, the new high way will be a total of 54 miles long. Will the highway be finished in 8 months

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The above problem is incomplete. I have read the whole problem.

Given:
54 miles long highway
5 3/5 miles constructed per month.

Will the highway be finished in 8 months?

5 3/5 ⇒ ((5*5)+3)/5 = 28/5

28/5 * 8/1 = 28*8 / 5*1 = 224/5 = 44.8 miles or 44 4/5 miles

No. The highway can not be finished in 8 months. Only 44.8 miles or 44 4/5 miles will be constructed by that time.

54 ÷ 28/5 = 54 * 5/28 = 54*5 / 28 = 270 / 28 = 9.64 months or 9 18/28 or 9 9/14 months must be spend to complete the highway.

Can someone tell me how to evalaute 6!

Answers

Where is the question?

If you're referring to factorials, then,

6! = 6*5*4*3*2*1 = 720

You start with 6 and count your way down to 1, multiplying along the way.

Can someone help me out 10 points

Answers

Answer:

1. B (firefighter question) 2. A (dance lesson fee question) 3. A (dolphin question)

Step-by-step explanation:

1. The firefighters gear PLUS his weight is how much he weighs in total.

2. An added fee is usually represented as a registration fee or staring fee. There was 45w which should represent the fee she paid every week.

3. The dolphin swims at a rate of 25 kilometres per hour. The graph represents the distance the dolphin traveled because in two hours the dolphin would travel 50 kilometres (25 kilometres*2 hours) and so on.

Answer:

Step-by-step explanation:

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The data set gives the number of hours it took each of the 10 students in a cooking class to master a particular technique. {5, 3, 5, 30, 4, 5, 4, 3, 4, 5} what is the best measure of center for this data set (FQ, mean, median, or range) , and its value is (3, 4, 4.5, or 6.8)