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    Principles of Managerial Finance
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    Exam 16: Current Liabilities Management
  5. Question
    A Compensating Balance Is a Balance in Checking Account That
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A Compensating Balance Is a Balance in Checking Account That

Question 28

Question 28

True/False

A compensating balance is a balance in checking account that is equal to a certain percentage of the borrower's short-term unsecured loan.

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