A Compensating Balance Is a Balance in Checking Account That

question 28

True/False

A compensating balance is a balance in checking account that is equal to a certain percentage of the borrower's short-term unsecured loan.

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Definitions:

Floating-point Expression

A type of expression in programming that allows for the representation of real numbers with fractional parts, using a format that can store a wide range of values.

Double-precision

A format for representing floating-point numbers that uses double the amount of storage compared to single-precision, allowing for increased precision.

Single-precision

Refers to a floating-point number format that uses 32 bits, offering a compromise between range and precision.

Remainder Operator

The remainder operator, often % in many programming languages, calculates the remainder of the division between two numbers.