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  3. Study Set
    Foundations of Financial Management Study Set 1
  4. Exam
    Exam 8: Sources of Short-Term Financing
  5. Question
    Compensating Balances Have Been Important for Banks Because Their Existence
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Compensating Balances Have Been Important for Banks Because Their Existence

Question 3

Question 3

True/False

Compensating balances have been important for banks because their existence allows them to make loans at lower quoted rates.

Correct Answer:

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