Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The portion of a loan agreement deposited by the borrower with the bank in a low or non-interest-bearing account is called a O a. line

image text in transcribed
The portion of a loan agreement deposited by the borrower with the bank in a low or non-interest-bearing account is called a O a. line of credit O b. roll-over Oc. cleanup loan O d. compensating balance O e. margin balance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Amazon Goldmine How Amazon Can Make You A Millionaire

Authors: Mrs Esther B. Odejimi

1st Edition

1533513406, 978-1533513403

More Books

Students also viewed these Finance questions