Multiple Choice
Holding cash for speculative demand refers to:
A) keeping cash on hand to pay for emergency needs.
B) holding cash to compensate banks for the services they perform.
C) keeping money in the bank to pay bills for the goods and services they use.
D) keeping cash to take advantage of unexpected opportunities.
Correct Answer:

Verified
Correct Answer:
Verified
Q88: Calculate the effective interest rate of a
Q89: An aggressive working capital policy:<br>A)uses more short-term
Q90: A $3 million revolving credit agreement charges
Q91: Traditional reasons for holding cash DO NOT
Q92: Which of the following is a component
Q94: A firm can increase the size of
Q95: Relaxation of credit policy results in:<br>A)an increase
Q96: By foregoing the prompt payment discount offered
Q97: Short-term loans are generally used to:<br>A)finance permanent
Q98: Excess cash can be invested in marketable