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samualson samualson
wrote...
Posts: 2459
5 years ago
The inclusion of a compensating balance requirement in a line of credit will reduce the effective annual cost of credit since the bank has additional collateral for the borrowing.
[True or False]
Textbook 
Foundations of Finance

Foundations of Finance


Edition: 9th
Authors:
Read 27 times
2 Replies

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Replies
wrote...
5 years ago
 False
 
samualson Author
wrote...
5 years ago
Electric Light Bulb Correct, thanks!
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