Why would a money market account require a minimum balance?

A. The bank wants to make sure that only people with a lot of money use money market accounts.

B. The bank wants to protect customers from trying to write a check for more money than the account holds.

C. The minimum balance is designed to keep too many people from asking for a money market account.

D. A minimum balance lets a bank know how much money it can safely lend to other customers.

Question

Why would a money market account require a minimum balance?

A. The bank wants to make sure that only people with a lot of money use money market accounts.

B. The bank wants to protect customers from trying to write a check for more money than the account holds.

C. The minimum balance is designed to keep too many people from asking for a money market account.

D. A minimum balance lets a bank know how much money it can safely lend to other customers.

mikewwe13 · Answer

The minimum balance required to maintain a money market with the credit union is $2,500. ... However, if the balance falls below the minimum, the account will be closed.

Jbaena1 · Answer

Thanks so it would be c right, making sure?