Examlex
Philosophy is traditionally divided into three categories of philosophical topics.Do you think that these divisions are strict ones,or do you think that the questions that fall under one category are relevant to those that fall under others? Explain and illustrate your answers.
Compensating Balances
A minimum bank account balance a borrower is required to maintain as part of a loan agreement, offering the bank some security.
Transactional Motive
The transactional motive is the need to hold cash for the purpose of conducting day-to-day business operations, such as paying wages and suppliers.
Zero Balance Account
A zero balance account is a type of bank account that maintains a balance of zero dollars by automatically transferring funds from a master account in the exact amount of transactions clearing the account.
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