APBM Certified Business Manager CBM Question # 68 Topic 7 Discussion

APBM Certified Business Manager CBM Question # 68 Topic 7 Discussion

CBM Exam Topic 7 Question 68 Discussion:
Question #: 68
Topic #: 7

Banks sometimes require borrowers to maintain an average demand deposit balance equal to from 10 percent to 20 percent of the amount borrowed, this is called:


A.

line of credit


B.

compensating balance


C.

commitment fee


D.

revolving credit agreement


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