Examlex
Which of the following are true statements?
I: Morse code is a variable-length code.
II: Morse code is an example of a data compression code.
Compensating Balances
Minimum cash balances that a borrower agrees to maintain in a demand deposit account as a condition for a loan.
Transactions Balance
The amount of money held to facilitate day-to-day financial transactions, reflecting the liquidity needed for regular expenditures.
Loan Requirement
A set of criteria established by lenders that a borrower must meet to qualify for a loan.
Accruals
The accounting method that records revenues and expenses when they are incurred, regardless of when cash is exchanged.
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