Compensating balance is a checking account balance equal to a certain percentage of the amount borrowed from a bank under a line-of-credit or revolving credit agreement
Indicate whether the statement is true or false
TRUE
You might also like to view...
According to the Brand Asset Valuator (BAV) model, which of the following is one of the key dimensions of brand equity?
A) sophistication B) excitement C) competence D) differentiation
When a central bank buys foreign currency, its international reserves ________
A) decrease B) increase C) remain unchanged D) are difficult to determine
Investors purchase corporate bonds because
A) they are a risk-free investment. B) they pay interest income. C) they pay dividends. D) the returns are higher than the returns from stocks.
What is the primary purpose of the CRUD technique?
a. To identify areas of erroneous definition (CRUD). b. To validate the set of defined use cases c. To validate the set of classes d. To validate the interests of the stakeholders