Indicate whether the following actions increase, decrease, or cause no change in a companys cash balance. a.
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Indicate whether the following actions increase, decrease, or cause no change in a company’s cash balance.
a. Interest rates paid on money-market securities rise.
b. Commissions charged by brokers increase.
c. The compensating-balance requirement of a bank is lowered.
d. The cost of borrowing decreases.
e. The firm’s credit rating declines.
f. Direct fees for banking services are established.
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