What do you mean by Duration theory? a. Bank customer must have maximum balance in his account b. Bank customer must have continuous dealings with the bank c. Bank customer must minimum balance in his account d. Bank customer must not withdraw money from his account

What do you mean by Duration theory? a. Bank customer must have maximum balance in his account b. Bank customer must have continuous dealings with the bank c. Bank customer must minimum balance in his account d. Bank customer must not withdraw money from his account

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter7: Accounting For Cash

Section: Chapter Questions

Problem 14RQ: What does a debit balance in the cash short and over account represent? What does a credit balance...

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Question

What do you mean by Duration theory?

Bank customer must have maximum balance in his account

Bank customer must have continuous dealings with the bank

Bank customer must minimum balance in his account

Bank customer must not withdraw money from his account

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