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betterway betterway
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7 years ago
A compensating balance is a balance in checking account that is equal to a certain percentage of the borrower's short-term unsecured loan.
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
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alovelyalovely
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7 years ago
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More solutions for this book are available here
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"It is better to fail in originality than to succeed in imitation."

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betterway Author
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7 years ago
Thanks for your help!!
loki1345
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Yesterday
You make an excellent tutor!
DragonHeart
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2 hours ago
Good timing, thanks!
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