Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The need to hold cash to take advantage of additional investment opportunities is called the: A. Speculative motive. B. Precautionary motive. C. Transaction motive. D.
-
The need to hold cash to take advantage of additional investment opportunities is called the:
A. Speculative motive.
B. Precautionary motive.
C. Transaction motive.
D. Float motive.
E. Compensating balance motive.
The need to hold cash to take advantage of additional investment opportunities is called the:
| A. | Speculative motive. | |
| B. | Precautionary motive. | |
| C. | Transaction motive. | |
| D. | Float motive. | |
| E. | Compensating balance motive. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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