A retail bank requires a minimum of $1,000 to be maintained in their premier savings account. The value of $1,000 could be termed as a threshold.

Name: A retail bank requires a minimum of $1,000 to be maintained in their premier savings account. The value of $1,000 could be termed as a threshold.
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Quizplus · Accepted Answer

A threshold in this context refers to the minimum limit required for a specific condition to apply, in this case, the minimum balance needed to maintain a premier savings account.

A Retail Bank Requires a Minimum of $1,000 to Be