Compensating Balance Is a Checking Account Balance Equal to a Certain

question 20

True/False

Compensating balance is a checking account balance equal to a certain percentage of the amount borrowed from a bank under a line-of-credit or revolving credit agreement.

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Definitions:

Financially Independent

The state of having sufficient personal wealth to live, without having to work actively for basic necessities.

Sexism

Prejudice or discrimination based on a person's sex or gender, often manifesting in unequal treatment or opportunities.

Job Satisfaction

The degree to which individuals feel positively or negatively about their jobs.

African American Women Attorneys

Refers to women of African descent in the United States who have obtained the qualification to practice law and represent clients in court.