ON 25 A revolving credit agreement is a legally binding agreement between a borrower and the lender. nswered ut of 1.00 Select one: a. True O b. False ag ON 26 Cash is held for speculative and transaction motives. msword ut of 1.00 Select one: a. True O b. False ON 27 Which of the following is NOT true of the cash conversion cycle? nswered ut of 1.00 Select one a. It is the net period from the start of cash outflow for producing a product or service until the associated cash inflow materializes from the sale of that product or service. b. Cash Conversion Cycle = Production Cycle + Collection Cycle Payment Cycle O c. The cash conversion cycle essentially measures how quickly a company can convert its products or services into cash. d. Cash Conversion Cycle = Production Cycle + Collection Cycle Payment Cycle