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A compensating balance I.is required when a firm acquires bank financing other than a line of credit.
II) increases the cost of short-term bank financing.
III) represents an opportunity cost to the lending institution.
IV) is often used as a means of paying for banking services received.
Cognitive-Developmental Theory
A theory that explains how children's cognitive abilities evolve and develop through distinct stages over time, pioneered by Jean Piaget.
Cognitive-Developmental Stages
The theory proposed by Jean Piaget that outlines how children's ability to think and understand progresses through distinct stages as they grow older.
Unconscious Drives
Deep-seated motivational forces or desires that influence behavior without our conscious awareness.
Emotional and Social Factors
Components that affect individuals' feelings, behaviors, relationships, and interactions with others in the social environment.
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