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Which of the following is not a reason for firms to own marketable securities? a. Marketable securities offer a place to temporarily put cash balance
Which of the following is not a reason for firms to own marketable securities?
a. | Marketable securities offer a place to temporarily put cash balance to work earning a positive return. | |
b. | Marketable securities serve as a substitute for cash balances. | |
c. | Marketable securities are used as a temporary investment to finance seasonal or cyclical operations. | |
d. | Marketable securities are more liquid than cash balances. | |
e. | Marketable securities are used as a temporary investment to amass funds to meet financial requirements in the near future. |
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