MCQOPTIONS
Saved Bookmarks
| 1. |
_______________ refers to a firm holding some cash to meet its routine expenses that are incurred in the ordinary course of business. |
| A. | Speculative motive |
| B. | Transaction motive |
| C. | Precautionary motive |
| D. | Compensating motive |
| Answer» C. Precautionary motive | |