babitakhapangi6340 babitakhapangi6340
  • 21-01-2021
  • Business
contestada

A restriction of cash wherein the borrower is required to maintain a specific amount in a low-interest or noninterest-bearing account at the bank is called

Respuesta :

ewomazinoade ewomazinoade
  • 25-01-2021

Answer:

Compensating balance

Explanation:

Compensating balance is when the borrower agrees to maintain an amount of cash in his account.

The lender can invest this money and this reduces the cost of borrowing

Answer Link

Otras preguntas

I need help please, I’m not understand
What comparison does the speaker make between himself and flies?
solve system of equations using any method y=3x and 5y+5x=40
Helpppppppp I neeeeddddd HELPPPPPPPP
What types of energy are the bulbs putting out?
Solve for x: Show ALL work
Help me plz I need this and I’ll give brainliest
What were some of the challenges the English Colonies faced?
What do the Arctic and Antarctic tundra's have in common? Select all that apply. They have producers that live there. Humans live among the plants and animals.
Summary about Interface Design in system analysis