Which of the following is not a good reason for holding cash rather than marketable securities? - 4483

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Which of the following is not a good reason for holding cash rather than marketable securities? Cash is held: 

a.     to meet daily business transaction needs. 

b.     to provide the CEO with a travel slush fund. 

c.     when yields on marketable securities are so low that brokerage costs would nearly eat up the entire yield. 

d.     to make the balance sheet look good. 

 
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