The amount of cash a firm is required to hold in its bank account to pay for services the bank performs is known as the:
A)speculative balance.
B)compensating balance.
C)operating balance.
D)precautionary balance.
E)transactions balance.

Question

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The Answer of The amount of cash a firm is required to hold in its bank account to pay for services the bank performs is known as the:
A)speculative balance.
B)compensating balance.
C)operating balance.
D)precautionary balance.
E)transactions balance.

The Amount of Cash a Firm Is Required to Hold