In Traditional Working Capital Analysis,holding a Large Cash Balance Is

In traditional working capital analysis,holding a large cash balance is:

A) a positive strategy because it reduces the transaction costs involved in liquidating assets to raise cash.
B) a positive strategy because it relieves the firm from having to obtain short-term financing.
C) a negative strategy because it means that the cash is not earning a return.
D) a negative strategy because it imposes additional currency risk on the firm.