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    Practical Financial Management Study Set 1
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    Exam 16: The Management of Working Capital
  5. Question
    Compensating Balances Refer to Charges That Compensate the Bank for Work
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Compensating Balances Refer to Charges That Compensate the Bank for Work

Question 208

Question 208

True/False

Compensating balances refer to charges that compensate the bank for work it does to balance customer accounts.

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