Compensating balances are: 1. Used by banks as a substitute for charging service fees 11. Funds placed in an account handled by a third-party trustee III. Rewards paid to customers for opening new checking accounts Select one: O A. I only OB. I, II and III O a. I and III only OD I and II only Which of the following describes a loan in which the interest is deducted in advance? Select one A. A discounted loan OB. An installment loan A mortgage loan D. A compensating balance loan