Examlex
Which of the following is not a basic kind of market (competitive) situation?
Financing
The act of providing funds for business activities, making purchases, or investing, including means such as loans, equity investments, and other financial instruments.
Compensating Balance
A portion of a loan that banks require borrowers to leave in their checking accounts. Effectively increases the bank’s yield. A minimum balance required to compensate banks for their services.
Checking Account
A bank account that allows depositors to write checks against deposited funds, making it easy to access and manage money for daily transactions.
Loan Cost
The total expense that a borrower incurs to take out a loan, including interest rates, fees, and any other charges.
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