A minimum cash balance maintained in a bank account is called a line of credit.

Name: A minimum cash balance maintained in a bank account is called a line of credit.
Brand: Quizplus
Rating: 4.8 (49 reviews)

Question

Quizplus · Accepted Answer

A minimum cash balance maintained in a bank account is called a minimum balance requirement, not a line of credit. A line of credit is a form of borrowing where a lender extends a certain amount of credit to a borrower that can be used at any time, up to a certain limit, and the borrower pays interest only on the amount borrowed.

A Minimum Cash Balance Maintained in a Bank Account Is