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Question 14 (2.5 points) A compensating balance often required by a lending bank generally equals to 10 to 20 percent of the loan amount and
Question 14 (2.5 points) A compensating balance often required by a lending bank generally equals to 10 to 20 percent of the loan amount and can be used by the borrowing firm to pay its bills or to invest. A) True B) False C) Insufficient information is given
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