Question: Compensating balances represent: Multiple Choice Accounts that are subject to bank service charges. Cash in a bank account that can't be spent Balances in a

Compensating balances represent:
Multiple Choice
Accounts that are subject to bank service charges.
Cash in a bank account that can't be spent
Balances in a payroll checking account.
Accounts on which banks pay interest, e.g., NOW accounts.
Compensating balances represent: Multiple Choice Accounts that are subject to bank

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