magine that San Jose Fabricators Inc. is a manufacturing company. San Jose's financial managers have...
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magine that San Jose Fabricators Inc. is a manufacturing company. San Jose's financial managers have begun running a lot of the firm's banking affairs through a larger bank. The new bank has more experience dealing with firms of San Jose's stature. The new bank charges very low fees for its services but does require that San Jose keep a minimum balance in its account. What type of cash balance is this? Precautionary Compensating Speculative Transactions
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