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If there are large fluctuations in a firm's cash flows, or if there are large costs associated with selling securities, then the firm should hold

If there are large fluctuations in a firm's cash flows, or if there are large costs associated with selling securities, then the firm should hold relatively small average cash balances. If there are large fluctuations in a firm's cash flows, or if there are large costs associated with selling securities, then the firm should hold relatively small average cash balances. True False

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