A ______ balance is a minimum checking account balance that a firm must maintain with a bank to help offset the costs and services, such as check clearing and cash management advice, that the bank offers with a loan.
A. transactions
B. compensating
C. precautionary
D. speculative
E. lockbox
Answer: B
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A.
B.
C.
D.
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tFind the period for each of these functions.
Fill in the blank(s) with the appropriate word(s).
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