Question and answer
Compensating balances A. are created by having a sweep account. B. generate returns to customers from interest bearing accounts. C. are used to reward new accounts. D. are used by banks as a substitute for charging service fees.
Compensating balances are used by banks as a substitute for charging service fees.
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Asked 3/31/2012 5:11:11 PM
Updated 1/12/2019 6:09:37 PM
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This answer has been confirmed as correct and helpful.
Edited by Masamune [1/12/2019 6:09:36 PM]
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Questions asked by the same visitor
Dun & Bradstreet is known for providing A. credit scoring reports that rank a company's payment habits relative to its peer group. B. interest rate information to cash managers. C. consumer credit reports to credit card companies. D. cash management systems to corporate treasurers
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Updated 5/28/2016 4:53:04 PM
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Dun & Bradstreet is known for providing Credit scoring reports that rank a company’s payment habits relative to its peer group.
Added 5/28/2016 4:53:04 PM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [5/28/2016 9:28:28 PM]
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