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The cost management information system is concerned with
Compensating Balance
A minimum account balance that a company agrees to maintain in a bank in return for banking services.
Business Loan
A loan specifically intended for business purposes, providing the necessary capital for start-up or expansion.
Prime Rate
The interest rate that commercial banks charge their most credit-worthy customers, often used as a reference point for various types of loans.
Rate Of Interest
The percentage at which interest is charged or paid over a specific period of time on borrowed or saved money.
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