Define the terms demand deposits and compensating balance

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Reference no: EM13927076

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.

Reference no: EM13927076

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