Banking Awareness - Types Of Bank Accounts
Which age group is primarily eligible for opening a minor bank account?
Which age group is primarily eligible for opening a minor bank account?
easy Q11 of 15
Step-by-Step Solution
Step 1: Identify the legal age threshold.
Banking rules define a minor as someone below the age of majority.Step 2: Apply the definition.
The age of majority is 18 years.Final Answer:
Below 18 years → Option AQuick Check:
Minor = under 18 years ✅
Quick Trick: Below 18 automatically means minor.
Common Mistakes:
- Assuming minors include people up to 21 years.
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