Define the following terms: a. Demand deposits b. Compensating balance c. Disbursement float d. Deposit float e.
Question:
a. Demand deposits
b. Compensating balance
c. Disbursement float
d. Deposit float
e. Lockbox
f. Wire transfer
g. Depository transfer check
h. Zero-balance system
i. Draft
j. Automated clearinghouse
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a Demand deposits are the funds firms or individuals keep in their bank checking accounts b Compensating balances are the minimum balances held by a f...View the full answer
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Related Book For 
Contemporary Financial Management
ISBN: 9780324289114
10th Edition
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
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