Which one of the following will tend to increase the length of time a company will extend credit? Select one: a. Increase in product standardization b. Decrease in consumer demand c. Decrease in product cost d. Increase in credit risk e. Decrease in collateral value

Question 10 Laurie's Ice Rink keeps an extra $1,500 in its checking account simply in case an emergency arises. Which type of motive for holding cash does this represent? Select one: a. Precautionary b. Float requirement c. Availability d. Transaction e. Speculative