Multiple Choice
A compensating balance is
A) cash held by a foreign government.
B) a balance maintained by the company to pay the employees' payroll.
C) a minimum cash balance that must be maintained on deposit.
D) items which are not cash, but equivalent to cash.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q59: The Porsha Bank has provided its
Q60: The net realizable value of receivables is
Q61: A company's operating cycle may be described
Q62: A company has a significant debit or
Q63: Hedging is used to<br>A)reduce risks associated with
Q65: How would the current ratio be affected
Q66: Cash may consist of<br>A)coin and currency, loans
Q67: If a company with a current ratio
Q68: The following information was taken from
Q69: The following information concerning the current