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General Rent-All's officers arrange a $50,000 loan. The company is required to maintain a minimum checking account balance of 10% of the outstanding l...

Question:

General Rent-All\'s officers arrange a $50,000 loan. The company is required to maintain a minimum checking account balance of 10% of the outstanding loan. This practice is called a. an installment loan. b. a compensating balance. c. a discounted loan. d. a balloon payment. NOTE: This question is NOT our property; we are only suggesting solution of this question.

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