What Are Compensating Balance and What Effect Does It Have

question 28

Essay

What are compensating balance and what effect does it have on the loan?

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Definitions:

Personal Unconscious

According to Jung, a layer of the unconscious mind containing individual's feelings and memories not readily available to consciousness.

Repressed

Referring to thoughts, memories, or desires that are kept out of conscious awareness due to being regarded as socially unacceptable or uncomfortable.

Jung

Carl Jung, a Swiss psychiatrist and psychoanalyst who founded analytical psychology, emphasizing the importance of the individual psyche and the personal quest for wholeness.

Collective Unconscious

A concept proposed by Carl Jung referring to the part of the unconscious mind that holds shared experiences and cultural elements across humanity.