Compensating balances at a commercial bank are:
a. net differentials of balances with correspondent banks
b. maintained by Federal Reserve for services rendered
c. account balances required in connection with unsecured business loans under bank lines of credit
Answer: c. account balances required in connection with unsecured business loans under bank lines of credit
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Which of the following are examples of internal publics of a company?
A) newspapers, magazines, television stations, blogs, and other Internet media B) governmental departments and agencies that regulate businesses C) neighborhood residents and community organizations D) the managers, board of directors, and workers of the company E) the general public that is directly affected by the company
A letter of recommendation is a written testimony from another person that states you are credible
Indicate whether the statement is true or false