Question: 8 TB MC Qu . 7 - 3 9 ( Static ) Compensating balances represent: Compensating balances represent: eBook Multiple Choice Cash in a bank

8
TB MC Qu.7-39(Static) Compensating balances represent:
Compensating balances represent:
eBook
Multiple Choice
Cash in a bank account that can't be spent
Balances in a payroll checking account.
Accounts that are subject to bank service charges.
Accounts on which banks pay interest, e.g., NOW accounts.
8 TB MC Qu . 7 - 3 9 ( Static ) Compensating

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