Question
A firm should set the upper and lower limits on its cash balances close together if: Multiple Choice the day-to-day variability of cash flows is
A firm should set the upper and lower limits on its cash balances close together if:
Multiple Choice
the day-to-day variability of cash flows is large.
the rate of interest is high. the cost of buying and selling securities is high.
the uncertainty of cash flows is high.
All of the answers are correct.
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The Oxford Handbook Of Quantitative Asset Management
Authors: Bernd Scherer, Kenneth Winston
1st Edition
0199553432, 978-0199553433
