1)Which one of the following potential costs is minimized by holding very small levels of cash? A) Cost of loss of supplier goodwill B) Cost of loss of purchasing power due to inflation C) Cost arising from the inability to claim discounts. D) Cost of borrowing. 2) Which of the following is not an element of credit policy? A) Credit Terms B) Collection Policy C) Cash Discount TermsD ) Sales Price. 3) accounting ratios are important tools used by? A) managers B) researchers C) investors D) all of the above 4) choose the correct statement: A) the reserve rate established by the central bank and the volume of money circulating within the country are not connected B ) the higher the reserve rate established by the central bank the more volume of money circulating within the country C ) the higher the reserve rate established by the central bank the less volume of money circulating within the country D) none of these statements are correct 5) as the price of goods in an economy increases, the buying power of an individual euro or dollar pound yen decreases proportionally in process known as: A) Inflation B) Recession C) Devaluation D) None is Correct