Question
when a bank requires a compesating balance to be kept in a non-interest bearing account in order to grant a loan, the effective interest rate
when a bank requires a compesating balance to be kept in a non-interest bearing account in order to grant a loan, the effective interest rate of the loan is ALWAYS higher than the stated rate. True or False ?
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Accounting and Finance An Introduction
Authors: Peter Atrill, Eddie McLaney
8th edition
129208829X, 1292088297, 978-1292088297
