Location: [CPSC 333] [Assignments] [More about Problem to Model for Question #1 on Assignment #2]
Question:
Do new accounts have a required minimum opening balance? Or are accounts to be opened with a zero balance, and the opening deposit numbered as transaction #1?
Answer:
An account can be opened with either a positive balance or with a zero balance. That is, there's no (positive) minimum opening balance. On the other hand, it isn't necessary that the opening balance be zero and that a transaction be used to make a preliminary deposit.