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  3. a) what are the major reasons for holding cash? (5

a) What are the major reasons for holding cash? (5) ...

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Finance

a) What are the major reasons for holding cash? (5)

b) What is the difference between disbursement float and collection float? (5)

c) How does a lockbox system work? (5)

d) What are the major characteristics of short-term securities? State and Explain each characteristic. (10)

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