The Basic Feature of A/an ________ Required by Some Banks

question 98

Multiple Choice

The basic feature of a/an ________ required by some banks is that it effectively raises the interest cost to the borrower for an overdraft facility.

• A) operating change restriction
• B) compensating balance
• C) commitment fee
• D) annual cleanup

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Definitions:

Assumptions

Premises or beliefs taken as true without empirical evidence, often serving as foundational concepts in theoretical models or experiments.

Glacial Periods

Glacial periods, also known as ice ages, are intervals of time in Earth's history when large ice sheets covered significant portions of the Earth's surface.

Climate Model

A complex computerized simulation used to predict future climate conditions based on various environmental and human factors.

Mean Surface Temperature

The average temperature of the surface of a planet or celestial body, which in Earth's case is significantly influenced by atmospheric composition and activities such as the greenhouse effect.