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A minimum cash balance required by a bank is called a.a compensating balance b.an EFT c.cash in bank d.a cash equivalent

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

A minimum cash balance required by a bank is called

a.a compensating balance

b.an EFT

c.cash in bank

d.a cash equivalent

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