Question
A(n) ______ is the amount a bank requires a borrower to maintain in its checking account as a requirement for getting a loan. general line
A(n) ______ is the amount a bank requires a borrower to maintain in its checking account as a requirement for getting a loan.
general line of credit
guaranteed credit agreement
indenture
compensating balance
factoring balance
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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
