Select the correct statement.

Group of answer choices

Overdraft protection is automatically applied to any checking account free of charge. To protect sellers, the law requires financial institutions to automatically transfer money from another account to your checking account to provide sufficient funds to cover a check.

Asset management accounts are typically designed for relatively wealthy investors and generally require a relatively high minimum balance.

Generally, fewer restrictions and requirements by a financial institution on a liquid asset account results in a higher interest rate on the account.