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Which of the following might a bank do to ensure customers' money stays in the bank?


Question 27 options:


Refuse to offer interest



Require minimum balances



Set very low interest rates



Allow customers unlimited withdrawals

Verified Answer :

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Among the choices the one that might a bank do to ensure customers' money stays in the bank is to Require minimum balances. 

Answer:

Require minimum balances

Explanation:

  • As to ensure that the money of the clients stays with the banks the banks can easily develop ways as to ask the client as to keep or maintain a minimum balance with the bank as to continue the avail the services and thereby not offsetting the interests of the clients and the service providers. Thus this method can help to transform the banks to target more from the client-side.

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