The precautionary motive for holding cash assumes that balances are held: - 3125

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The precautionary motive for holding cash assumes that balances are held:
a. to satisfy the need for cash that arises in the ordinary course of doing business.
b. to satisfy possible but as yet indefinite needs.
c. as a precaution against missing possible profit-making opportunities.
d. for speculative purposes.

 

 

Solution Description

The precautionary motive for holding cash assumes that balances are held: