Question
What is a compensating balance? What effect does a compensating balance requirement have on the effective interest rate on a loan? List and discuss some
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What is a compensating balance?
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What effect does a compensating balance requirement have on the effective interest rate on a loan?
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List and discuss some factors to consider when choosing a bank?
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As a general rule, is it more likely that a company would increase its profitability if it tightened or loosened its credit policy? Explain.
short ansers 1-3 sentences please
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Fundamentals of Investments Valuation and Management
Authors: Bradford D. Jordan, Thomas W. Miller
5th edition
978-007728329, 9780073382357, 0077283295, 73382353, 978-0077283292
