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In This Type of Arrangement, Any Balances Above a Certain

question 14

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In this type of arrangement, any balances above a certain amount in a corporation's chequing account at the end of the business day are "removed" and invested in overnight securities that pay the corporation interest. This innovation is referred to as a ________.


Definitions:

Additions to Land

Expenditures made to increase the value of land, which can include costs for landscaping, site improvement, or acquiring adjacent land.

Parking Lots

Designated areas where vehicles can be parked temporarily. These can be commercial ventures or part of public infrastructure.

Fences

Structures erected to enclose or delineate areas, or to prevent unauthorized access or egress.

Asset Turnover

A metric that evaluates how effectively a business utilizes its assets to produce sales income.

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