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The cost of holding cash: Multiple Choice increases as market rates decline. is zero because it is the most liquid asset a firm can hold.

The cost of holding cash: Multiple Choice increases as market rates decline. is zero because it is the most liquid asset a firm can hold. is irrelevant in today's electronic world. is the opportunity cost of the lost investment income. Multiple Choice increases as market rates decline. is zero because it is the most liquid asset a firm can hold. is irrelevant in today's electronic world. is the opportunity cost of the lost investment income. decreases as cash holdings increase

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