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wrote...
Posts: 179
2 weeks 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
Edition: 2nd
Authors:
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2 weeks ago
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the cash a firm holds in an account at the bank in order for the bank to perform services for that firm
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2 weeks ago
Thanks
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