A ______ Balance Is a Minimum Checking Account Balance That

question 54

Multiple Choice

A ______ balance is a minimum checking account balance that a firm must maintain with a bank to help offset the costs and services, such as check clearing and cash management advice, that the bank offers with a loan. 

• A)transactions
• B)compensating
• C)precautionary
• D)speculative
• E)lockbox

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Definitions:

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