A Compensating Balance Is a Cash Balance,typically Held by the Bank,to

question 90

True/False

A compensating balance is a cash balance,typically held by the bank,to indirectly pay for certain bank services.

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Definitions:

Symbolic Constants

Symbolic Constants are named entities in programming that represent fixed values which cannot be altered during the execution of a program.

Tested Condition

An expression in programming that is evaluated in if-statements, loops, and other control structures to determine which path of execution to follow.

Numeric Data

Data that consists of numbers, which can be used in mathematical operations and statistical analysis.