Examlex
Describe the types of products that are selectively distributed and provide examples.
Compensating Balance
A requirement by some banks requiring depositors to maintain minimum cash balances in their bank accounts.
Petty Cash Fund
A special cash fund to pay relatively small amounts.
Bank Checking Account
A bank account that allows individuals and businesses to deposit money and withdraw funds, which can be accessed using checks, automated teller machines (ATMs), and electronic debits.
Cash Equivalents
Highly liquid investments that are usually reported with cash on the balance sheet.
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