2. The motives for holding cash balances Select the best type of cash balance to complete the following sentence. A cash balance is required by many banks that perform services such as theck clearing and cash management advice for the firm Imagine that Seattle Assemblers Inc. is a manufacturing company, Seattle's board is looking to expand through acquisition and would like to be able to react quickly if an opportunity presents itself. Seattie's financial managers are making sure that cash is available to use as a down payment to commit to a purchase in the near future. What type of cash balance is this? Speculative Precautionary Transactions Compensating Grade it Now Save & Continue