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No More Books Corporation has an agreement with Floyd Bank whereby the bank handles $5.2 million in collections a day and requires a $360,000 compensating
No More Books Corporation has an agreement with Floyd Bank whereby the bank handles $5.2 million in collections a day and requires a $360,000 compensating balance. No More Books is contemplating canceling the agreement and dividing its eastern region so that two other banks will handle its business. Banks A and B will each handle $2.6 million of collections a day, and each requires a compensating balance of $210,000. No More Books
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