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Which of the following statements is false?
Compensating Balances
Minimum balance requirements imposed by banks on certain accounts, which businesses must maintain in order to receive some form of credit or service.
Prompt Payment Discounts
Incentives provided by sellers to encourage buyers to pay their invoices early.
Quantity Discounts
Price reductions offered to buyers purchasing in large volumes.
Collection Expenditures
Expenses associated with collecting payments from customers, including billing, mailing, and legal costs.
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