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meikunn2565 meikunn2565
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5 years ago
What is a compensating balance?

▸ the cash a firm holds in order to pay its bills

▸ the cash a firm places into short-term investments

▸ the cash a firm holds in an account at the bank in order for the bank to perform services for that firm

▸ the cash a firm holds to gain tax advantages
Textbook 
Fundamentals of Corporate Finance

Fundamentals of Corporate Finance


Edition: 2nd
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wasanwasan
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5 years ago
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meikunn2565 Author
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5 years ago
Thanks
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