A minimum cash balance required by a bank is called
A) cash in bank
B) a cash equivalent
C) a compensating balance
D) an EFT

Name: A minimum cash balance required by a bank is called A) cash in bank B) a cash equivalent C) a compensating balance D) an EFT
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A compensating balance is a minimum cash balance required by the bank to be maintained by the borrower. This minimum balance is in addition to any interest or fees charged on loans or credit extended by the bank.

A Minimum Cash Balance Required by a Bank Is Called