QUESTION 32

1. When creating a cash budget or forecast, the driving variable for the model is:

   		Sales
   		Gross profit margin
   		Desired ending inventory
   		Desired receivables balance

QUESTION 33

1. Compared to treasury securities, agency securities usually have slightly __________ credit risk and slightly ___________ nominal yields.

   		higher, lower
   		lower, higher
   		higher, higher
   		lower, lower