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3. Royal Enterprises is considering changing its banking relationship. One of the banks under consideration charges very low service fees, but requires that the firm
3. Royal Enterprises is considering changing its banking relationship. One of the banks under consideration charges very low service fees, but requires that the firm maintain a minimum balance in their account. What type of account is this?
A. Maintenance balance
B. Compensating balance
C. Speculative balance
D. Transactions balance
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