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Holfsteder Inc. is a clothes retailer. It holds a sum of $10,000 in its bank account on a daily basis in order to pay its

Holfsteder Inc. is a clothes retailer. It holds a sum of $10,000 in its bank account on a daily basis in order to pay its suppliers. This is an example of the motive for liquidity.

Question 3 options:

	Cautionary.
	Speculative.
	Precautionary.
	Transaction.
	Traditional.

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