Compensating balances
a. are a particular form of collateral commonly required on commercial l...
Compensating balances
a. are a particular form of collateral commonly required on commercial loans.
b. allow banks to monitor firms' check payment practices, which can yield information about their borrowers' financial conditions.
c. are a required minimum amount of funds that a borrower (i. e., a firm receiving a loan) must keep in a checking account at the bank.
d. are all of the above.
Answers: 2
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