is a deposit that represents what the bank pays based on the average balance in one's account
Question
Solution 1
The statement seems to be referring to "interest". Interest is the amount paid by a bank to its depositors for keeping their money. The amount of interest paid depends on the average balance in the depositor's account. Here's a step-by-step explanation:
- A person deposits money into a bank accoun Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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