Which of the following is the best definition of precautionary motive? Select one: A. Bank...
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Accounting
Which of the following is the best definition of precautionary motive?
Select one: A. Bank makes proceeds of cheques deposited available the same day before cheques clear. cross out B. Special post office boxes set up to intercept and speed up accounts receivable payments. cross out C. The need to hold cash to take advantage of additional investment opportunities, such as bargain purchases. cross out D. The need to hold cash as a safety margin to act as a financial reserve. cross out E. Much like an automated teller machine card; one use is within corporations to control access to information by employees
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