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    Fundamentals of Corporate Finance Study Set 22
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    Exam 2: Financial Statements, Taxes, and Cash Flow
  5. Question
    What Is a Liquid Asset and Why Is It Necessary
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What Is a Liquid Asset and Why Is It Necessary

Question 374

Question 374

Essay

What is a liquid asset and why is it necessary for a firm to maintain a reasonable level of liquid
assets?

Correct Answer:

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Liquid assets are those that c...

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