A fraction of the available credit on a loan agreement deposited by the borrower with the bank in a low or non-interest-bearing account is called a:
A) compensating balance.
B) cleanup loan.
C) letter of credit.
D) line of credit.
E) roll-over.
Correct Answer:
Verified
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A)has
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Q46: Which one of these statements is true?
A)The
Q48: A type of short-term loan where the
Q49: A compensating balance:
A)requirement generally applies to inventory-type
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Q51: Commercial paper is generally issued:
A)by large firms.
B)for
Q52: Which one of these statements is correct?
A)A
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