Which of the following statements is NOT correct?

Select one:

a.

A treasurer may face liquidity management challenges with borrowed funds if the cost of funds (market rate) is high.

b.

When a company issues marketable debt, a credit rating agency reviews the companys financial condition based on the treasurers information.

c.

A treasurer is responsible for monitoring the internal processes and decisions that cause changes in working capital and profitability.

d.

A treasurer is responsible for holding more liquid assets that might reduce the profitability of the firm.

e.

A treasurer can meet the liquidity demand by selling off some liquid assets.