Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The need to hold cash to satisfy the ongoing disbursement and collection activities of the firm as part of its daily operations is called the:
The need to hold cash to satisfy the ongoing disbursement and collection activities of the firm as part of its daily operations is called the:
Select one:
a. Precautionary motive.
b. Speculative motive.
c. Float motive.
d. Transaction motive.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started