Question

what might a bank do to ensure customers money stays in the bank?
○ set very low interest rates
○ require minimum balances
○ allow customers unlimited withdrawals
○ refuse to offer interest

Explanation:

• For "set very low interest rates": Low interest rates would likely encourage customers to move their money elsewhere to get better returns, so this is incorrect.
• For "require minimum balances": By requiring a minimum balance, banks ensure that customers keep a certain amount of money in their accounts. If customers want to avoid fees or maintain account status, they will keep at least that minimum, helping retain funds.
• For "allow customers unlimited withdrawals": Unlimited withdrawals make it easy for customers to take out money, which doesn't help keep money in the bank, so this is incorrect.
• For "refuse to offer interest": Not offering interest is unattractive to customers seeking to grow their money, so they may move funds, making this incorrect.

Answer:

B. require minimum balances