In General,firms Prefer to Hold Cash Balances at a Centralized

In general,firms prefer to hold cash balances at a centralized depository for all of the following reasons except:

A) by pooling cash reserves centrally,the firm can deposit larger amounts.
B) it enables the firm to invest a larger amount of cash reserves in short-term,highly liquid financial instruments that earn a lower interest rate.
C) if the centralized depository is located in a major financial center,it has access to information about good short-term investment opportunities that the typical foreign subsidiary would lack.
D) the firm can reduce the total size of the cash pool it must hold in highly liquid accounts.