MCQs > Finance & Management > Financial Accounting > What is a compensating balance of cash?

Financial Accounting MCQs

What is a compensating balance of cash?

Answer

Correct Answer: A minimum credit balance that a bank may require a borrower to keep on deposit as a condition for granting a loan.

Explanation:

Note: This Question is unanswered, help us to find answer for this one

Financial Accounting Skill Assessment

Overall Skill Level-Poor

Your Skill Level: Poor

Retake Quizzes to improve it

search

Financial Accounting Skill Assessment

Overall Skill Level-Poor

Your Skill Level: Poor

Retake Quizzes to improve it