Which of the following is the best definition of the precautionary motive.

Question 10 options:

	The need to hold cash to take advantage of additional investment opportunities, such as bargain purchases.
	The need to hold cash as a safety margin to act as a financial reserve.
	The need to hold cash to satisfy normal disbursement and collection activities associated with a firm's ongoing operations.
	The need to hold cash to satisfy stakeholder requirements.
	The need to hold cash for governmental requirements.