Which of the following is correct?

Select one:

a.

The transaction motive to hold cash is the need to hold cash as a safety margin to act as a financial reserve.

b.

The precautionary motive to hold cash is the need to hold cash to satisfy normal disbursement and collection activities associated with a firms ongoing operations.

c.

The speculative motive to hold cash is the need to hold cash to take advantage of additional investment opportunities.

d.

a and b

e.

a,b, and c