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su9zyaliferns
su9zyaliferns su9zyaliferns
  • 09-06-2016
  • Mathematics
Answered

Why would a money market account require a minimum balance?

Verified Answer :

metchelle
metchelle metchelle
  • 15-06-2016

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.

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