The amount of cash a firm needs to be able to pay its bills is sometimes referred to as a 'transactions balance'.

Name: The amount of cash a firm needs to be able to pay its bills is sometimes referred to as a 'transactions balance'.
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Question

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This is a correct statement. A transactions balance refers to the amount of cash a firm needs in order to conduct its day-to-day operations, paying bills and expenses as they arise.

The Amount of Cash a Firm Needs to Be Able