A Minimum Checking Account Balance That a Firm Must Maintain

question 98

Multiple Choice

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

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

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Definitions:

Oriental Rugs

Hand-knotted or woven rugs from the Middle East, Central Asia, and the Far East, known for their intricate patterns and craftsmanship.

Brick-And-Mortar

Traditional physical retail stores as opposed to online or electronic marketplaces.

Retail Feed Stores

Shops or outlets that specialize in selling feed and other supplies for animals to the general public.

Wholesalers

Businesses that purchase goods in large quantities from manufacturers or distributors and then sell them in smaller quantities to retailers or other businesses.