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Baxter's, Inc. generally holds $125,000 in cash in case an unexpected investment opportunity arises. Which one of the following refers to holding cash for this
Baxter's, Inc. generally holds $125,000 in cash in case an unexpected investment opportunity arises. Which one of the following refers to holding cash for this type of purpose?
(2pts)
Precautionary motive
Opportunistic motive
Speculative motive
Reserve motive
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