County Bank offers one-year loans with a stated rate of 9 percent, but requires a compensating balance
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The true cost is the loan rate 1 compensating balance rate 9 10 01 10 ...View the full answer
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Related Book For
Financial Institutions Management A Risk Management Approach
ISBN: 978-0071051590
8th edition
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
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