To open a savings account, one must make an initial deposit that meets or exceeds the required minimum set by the banking institution. This minimum deposit amount can vary from bank to bank and may also depend on the type of savings account you are looking to open.
Given the options provided:
A. [tex]$50
B. $[/tex]100
C. [tex]$25
D. $[/tex]1,000
The correct answer is:
B. $100
This is the minimum deposit required to open a savings account based on the options provided. When opening a savings account, always make sure to review the specific requirements of the bank, as they can differ, and ensure you have enough for the initial deposit.
