Solved

Under a Compensating Balance Agreement

Question 23

Multiple Choice

Under a compensating balance agreement:


A) the minimum compensating balance is considered a cash equivalent.
B) the compensating balance is available for day-to-day use.
C) the net result is that the actual interest rate is higher than the stated interest rate.
D) all of the above are true.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions