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11. Which of the following is/are true about compensating balances? I. They are reserve balances maintained for emergency spending requirements. II. If compensating balances are

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11. Which of the following is/are true about "compensating balances?" I. They are reserve balances maintained for emergency spending requirements. II. If compensating balances are legally restricted, they must be segregated on the balance sheet. III. Compensating balances are overstated if "oats" are included as part of the cash. a. II only b. I & III c. I, II & III d. II &

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