What is a compensating balance? What effect does a compensating balance requirement have on the effective interest
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What is a compensating balance? What effect does a compensating balance requirement have on the effective interest rate on a loan?
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A compensating balance refers to the minimum average balance that a borrower is required to maintain ...View the full answer
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Related Book For
Intermediate Financial Management
ISBN: 9781337395083
13th Edition
Authors: Eugene F. Brigham, Phillip R. Daves
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