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Business, 20.09.2020 16:01 igtguith

Which of the following describe compensating balances? A. A specified balance a borrower of a loan is asked to maintain in a low-interest account at the bank.
B. A specified balance a borrower of a loan is asked to maintain in a noninterest-bearing account at the bank.
C. Funds set aside for a future plant expansion.
D. A sinking fund established in connection with debt instruments.

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Which of the following describe compensating balances? A. A specified balance a borrower of a loan...
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