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Which of the Following Administrations Passed the Energy Independence and Security

question 71

Multiple Choice

Which of the following administrations passed the Energy Independence and Security Act, which required auto makers to boost fleet wide gas mileage to 35 mpg by 2020?

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Definitions:

Target Cash Balance

The optimal amount of cash that a company aims to hold to meet expected transactions, precautionary, and speculative needs.

Speculative Motive

The intent to hold cash or other assets for the purpose of benefiting from future market movements.

Precautionary Motive

The desire to hold cash or liquid assets to guard against unforeseen future needs and emergencies.

Transaction Motive

The need for cash to meet immediate and anticipated demands for payment, a key reason for holding cash in business.

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