Generally, checking accounts with low balances are not profitable for banks due to the high cost of processing checks, processing debit and credit card transactions, and handling occasional deposits. In general, banks prefer not to have accounts like these, so they can raise the charges and fees so that the client decides to withdraw their deposits.

a. false

b. true

___________ include federal funds purchased, repurchase agreements, and loans from the Federal Home Loan Bank.

a. Retail funding

b. Borrowed or Wholesale funding

c. Equity Funding

d. Locked Box Funding