What do you mean by Duration theory? a. Bank customer must have maximum balance in his account b. Bank customer must have continuous dealings with the bank c. Bank customer must minimum balance in his account d. Bank customer must not withdraw money from his account
What do you mean by Duration theory? a. Bank customer must have maximum balance in his account b. Bank customer must have continuous dealings with the bank c. Bank customer must minimum balance in his account d. Bank customer must not withdraw money from his account
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter7: Accounting For Cash
Section: Chapter Questions
Problem 14RQ: What does a debit balance in the cash short and over account represent? What does a credit balance...
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Question
What do you mean by Duration theory?
a.
Bank customer must have maximum balance in his account
b.
Bank customer must have continuous dealings with the bank
c.
Bank customer must minimum balance in his account
d.
Bank customer must not withdraw money from his account
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