Banking Awareness - Types Of Bank Accounts
Which factor mainly determines the operating rules of a minor account?
Which factor mainly determines the operating rules of a minor account?
medium Q7 of 15
Step-by-Step Solution
Step 1: Identify governing factor.
Rules depend on whether the holder is underage.Step 2: Apply logic.
Age determines legal capacity to operate accounts.Final Answer:
Age of the account holder → Option CQuick Check:
Under 18 = special operating rules ✅
Quick Trick: Age decides authority in minor accounts.
Common Mistakes:
- Thinking balance size changes minor account rules.
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