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Minimum-balance fees are charged by financial institutions to encourage account holders to maintain a certain balance in their accounts. This helps the bank ensure a stable flow of funds and manage operating costs. By imposing these fees, banks aim to discourage frequent withdrawals and promote savings, ultimately contributing to their profitability. Additionally, it can serve as a deterrent for customers who might use accounts for only short-term purposes.
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What describes the purpose of Federal Deposit Insurance Coporation?
to ensure that banks do not fail during an economic crisis
How to write aletter for late fees?
To write a letter regarding late fees, start with a polite greeting and clearly state the purpose of your letter. Include relevant details such as the account number, the nature of the fees, and any circumstances that contributed to the delay. Politely request a waiver or reduction of the fees, and express your commitment to making timely payments in the future. Close with a thank you and provide your contact information for any follow-up.
What describes the purpose of the Federal Deposit Insurance Corporation FDIC?
To make sure customers don't lose money if their bank fails.
Which best describes the purpose of an initial public offering IPO?
The first sale of stock to the public or To raise money to fund a company's activities.
Best describes the purpose of an initial public offering (IPO)?
The first sale of stock to the public or To raise money to fund a company's activities.
What describes Esquivels primary purpose in her essay At the Hearth?
Her primary purpose is to entertain the reader.
What best describes the purpose of National Industrial Recovery Act?
Guaranteeing fair business practices for everyone best describes the purpose of the National Industrial Recovery Act.
What is the best describes the purpose of diagnostic occupations?
Health
Which describes the purpose for maintaining an inventory system?
All above
What best describes the purpose of science?
to seek new facts.
What is the direct object in this sentence Ms Bud explained the purpose?
the purpose. because it describes what is being explained
What adjective starts with the letter c that describes purpose?
An individual's purpose could be described as calculating or cagey.
What is the name of the document that describes a product's scope and purpose, as well as the work required to achieve that purpose?
Requirements specification
What best describes the purpose of the Mayflower Compact?
To provide guidelines......etc
What best describes the purpose of a performance standard?
communicates work expectations
Which of the following best describes the authors purpose in the passage?
testingwater rout
Which of the following describes the author’s overall purpose in the text?
coalitionWord artsmdTheme
