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a compensating balance refers to: A) the minimum balance established for a petty cash fund B) a minimum balance that a financial institution requires a
a compensating balance refers to:
A) the minimum balance established for a petty cash fund
B) a minimum balance that a financial institution requires a firm to maintain in its account as part of a borrowing arrangement
C)the final cash balance achieved in a bank reconciliation
D)the amount of cash invested temporarily in highly marketable securities
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