Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 08, 2024

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 ?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

The ASQ Certified Medical Device Auditor Handbook

Authors: Scott A Laman

4th Edition

1953079962, 978-1953079961

More Books

Students also viewed these Accounting questions

Question

★★★★★

Fast Service Store has maintained daily sales records on the various size "Cool Drink" sales. "Cool Drink" Price _______Number Sold $0.50 ......................................... 75 $0.75...

Answered: 1 week ago

Question

★★★★★

How are budgets drawn up and approved? LO.1

Answered: 1 week ago

Question

★★★★★

=+ (e) The r of (i) must coincide with the R. f = R*f of (ii). A note on terminology. An f on the general (2, 7, u) is defined to be integrable not if (15.12) holds, but if (16.1) does. And an f on...

Answered: 1 week ago

Question

★★★★★

A cross-flow heat exchanger used in a cardio-pulmonary bypass procedure cools blood flowing at 5 liter/min from a body temperature of 37C to 25C in order to induce body hypothermia, which reduces...

Answered: 1 week ago

Question

★★★★★

A construction company entered into a fixed-price contract to build an office building for $38 million. Construction costs incurred during the first year were $12 million and estimated costs to...

Answered: 1 week ago

Question

★★★★★

For Roche Inc variable manufacturing overhead costs are expected to be $20,100 in the first quarter of 2017, with $4,100 increments in each of the remaining three quarters. Fixed overhead costs are...

Answered: 1 week ago

Question

★★★★★

4. Relation between F and R. In our notes, we claim that F has an alternative expression (SSRR - SSRU)/#r F SSRU/(n - K) 1 ermitted where SSRR is the sum squared residuals from the restricted...

Answered: 1 week ago

Question

★★★★★

Why must crime scene notes be taken in pen in a hard-bound notebook? (note: there may be more then 1 correct answer) a. The lead from a pencil can be poisonous b. Spiral bound notebooks are just not...

Answered: 1 week ago

Question

★★★★★

The 20 kg block is subjected to a force of F 580 N acting at an angle of 35 and a force of F2 = 410 N acting in the negative x direction = while in contact with a smooth surface. Assume the box can...

Answered: 1 week ago

Question

★★★★★

What would be the result of the following code being executed? class Main { public static void main(String args) { System.out.println("Learning Java is fun"); } } a.) We would get an error as there...

Answered: 1 week ago

Question

★★★★★

For the beam shown, find the reactions at the supports and plot the shear-force and bending-moment diagrams. V1 = 700 lbf, V2=43 lbf/in, V3 = 8 in, and V4 = 6 in. v3 v2 v4 v4 Provide values at all...

Answered: 1 week ago

Question

★★★★★

3. Describe the three parts of an interview: opening, questions, and conclusion

Answered: 1 week ago

Question

★★★★★

1. Define the nature of interviews

Answered: 1 week ago

Question

★★★★★

2. Outline the different types of interviews

Answered: 1 week ago

Previous Question Next Question