Which of the following statements is false about most standard savings accounts?

They have a monthly fee without meeting minimum requirements.

They have an opening deposit requirement.

They earn interest based on the balance.

They include a debit card.

@britneyspears

Question

Which of the following statements is false about most standard savings accounts?

 They have a monthly fee without meeting minimum requirements.

 They have an opening deposit requirement.

 They earn interest based on the balance.

 They include a debit card.



@britneyspears

anonymous · Answer

@whpalmer4 (:

whpalmer4 · Answer

savings accounts are to encourage saving.  the bank wants to have that money to loan out (so they can make money).  are any of the answer choices likely to encourage you to remove the money from the bank?