Which type of bank account requires an even higher minimum balance tha

QUESTION

Which type of bank account requires an even higher minimum balance than NOW accounts (such as $5,000 compared to $1,000)?

A) standard checking account
B) Super-NOW account
C) savings account
D) money market account
E) certificate of deposit

ANSWER

Answer: B
Explanation: B) An account requiring an even higher minimum balance than a NOW account is called a Super-NOW account, although this type of account also pays more interest.