Question: Compensating balances represent: 1 Multiple Choice points 0 0 : 3 4 : 4 9 Cash in a bank account that can't be spent Balances

Compensating balances represent:
1
Multiple Choice
points
00:34:49
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.
Compensating balances represent: 1 Multiple

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