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Annie Kavitha
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Compensating Balances A. are used by banks as a substitute

Resolved Question:

Compensating Balances?
A. are used by banks as a substitute for charging service fees
B. are created by having a sweep account
C. generate returns to customers from interest bearing accounts
D. are used to reward new accounts
Submitted: 7 years ago.
Category: Business and Finance Homework
Expert:  Annie Kavitha replied 7 years ago.
Hello JACUSTOMER-c4v08mtk,

Compensating Balances?
Answer:
A. are used by banks as a substitute for charging service fees
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