Examlex
Which statement is not true?
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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