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Compensating balances at a commercial bank are: a. net differentials of balances with correspondent banks b. maintained by Federal Reserve for services rendered c. account

Compensating balances at a commercial bank are: a. net differentials of balances with correspondent banks b. maintained by Federal Reserve for services rendered c. account balances required in connection with unsecured business loans under bank lines of credit d. required vault-held reserves as an alternative to reserves held by Federal Reserve Banks

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