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    Principles of Managerial Finance
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    Exam 16: Current Liabilities Management
  5. Question
    Compensating Balance Is a Checking Account Balance Equal to a Certain
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Compensating Balance Is a Checking Account Balance Equal to a Certain

Question 20

Question 20

True/False

Compensating balance is a checking account balance equal to a certain percentage of the amount borrowed from a bank under a line-of-credit or revolving credit agreement.

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