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Compensating balances are frequently a part of revolving lending arrangements with banks,yet they add to the cost of financing for the borrower. Why,then,would borrowers agree to such terms?
What other types of financing are there that the firm could use as an alternative?
Extracurricular Activities
Activities that students participate in outside of the regular academic curriculum, which may include sports, clubs, music, arts, and volunteer work.
Political Economy
The study of production, trade, and their relationship with law, custom, and government, as well as with the distribution of national income and wealth.
Constitution
A written or unwritten system of fundamental laws and principles governing a nation, state, or organization.
Markets
Physical or virtual places where goods, services, or securities are exchanged between buyers and sellers.
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