Compensating Balances

question 6

Multiple Choice

Compensating balances

• A) are used by banks as a substitute for charging service fees.
• B) are created by having a sweep account.
• C) generate returns to customers from interest-bearing accounts.
• D) are used to reward new accounts.

Recognizing the importance of audience interaction in presentations.

Learning how to motivate the audience in presentations.

Understanding how to personalize and open presentations effectively.

Identifying the main purposes of various types of presentations.

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Definitions:

Total Revenue

The aggregate financial gains a corporation obtains from the sale of products or rendition of services within a designated duration.

Profit

The financial gain realized when the revenue earned from selling goods or services exceeds the costs, expenses, and taxes needed to sustain the activity, indicating the financial success of a business.

Total Revenue

The total amount of money received by a company from its sales of goods or services, before any expenses are subtracted.

Profit

The financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.