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Firms hold cash, in part, to satisfy compensating balance requirements. Compensating balances are cash balances held at: A. the firm in excess of its transactions

Firms hold cash, in part, to satisfy compensating balance requirements. Compensating balances are cash balances held at:

A. the firm in excess of its transactions needs.

B. the firm that are below that of its transactions needs.

C. the firm in excess of its cash inflows.

D. commercial banks to pay implicitly for bank services.

E. commercial banks as emergency funds.

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