1 define the following termsa demand depositsb compensating, Ask an Expert

Finance

1. Define the following terms:
a. Demand deposits

b. Compensating balance

c. Disbursement float

d. Deposit float

e. Lockbox

f. Wire transfer

g. Depository transfer check

h. Zero-balance system

i. Draft

j. Automated clearinghouse

2. What are the primary reasons a firm holds a liquid asset balance?

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92090193

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