If Sunbelt Computers were to take out a short-term loan from Chase for $5 million and were required to keep $500,000 of that in its Chase account, this would be called?
A) Compensating balance.
B) Security deposit.
C) Commercial-paper arrangement.
D) Reserve requirement.
E) Insurance policy.

Question

04-07-2024
Business

Answered

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If Sunbelt Computers were to take out a short-term loan from Chase for $5 million and were required to keep $500,000 of that in its Chase account, this would be called?
A) Compensating balance.
B) Security deposit.
C) Commercial-paper arrangement.
D) Reserve requirement.
E) Insurance policy.

Sagot :

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If Sunbelt Computers were to take out a short-term loan from Chase for $5 million and were required to keep $500,000 of that in its Chase account, this would be called?A) Compensating balance. B) Security deposit. C) Commercial-paper arrangement. D) Reserve requirement. E) Insurance policy.

Sagot :

Other Questions

If Sunbelt Computers were to take out a short-term loan from Chase for $5 million and were required to keep $500,000 of that in its Chase account, this would be called?
A) Compensating balance.
B) Security deposit.
C) Commercial-paper arrangement.
D) Reserve requirement.
E) Insurance policy.