Question

You are examining your choices of banks to open a new savings account. Costs include monthly maintenance fees and statement copy fees. Income can come from ___________.
a.
Overdraft fees
b.
Debit cards
c.
Minimum monthly balance
d.
Interest on deposits

Answer 1

d. Interest on deposits

Explanation: For a savings account, your income (what you earn) comes from interest paid on your deposits. Overdraft fees are charges, debit cards are a service (not income), and a minimum monthly balance is a requirement or condition to avoid fees.