Why do firms need liquidity?
I.to meet compensating balance requirements
II.to take advantage of an opportunity that suddenly arises
III.to conduct daily business activities
IV.to be prepared for a financial emergency
A) I and II only
B) III and IV only
C) I, III, and IV only
D) II, III, and IV only
E) I, II, III, and IV
Correct Answer:
Verified
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Q16: Which of the following will reduce collection
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A)special safe used by
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Q19: Disbursements float:
A)occurs when a deposit is recorded
Q21: Cash concentration accounts:
A)tend to increase the funds
Q22: The main purpose of a cash concentration
Q23: A money market preferred stock:
A)has a floating
Q24: A repurchase agreement generally has a maximum
Q25: Which two of the following are the
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