Keeping an Extra $200 in Your Checking Account to Pay

question 156

Multiple Choice

Keeping an extra $200 in your checking account to pay for possible car repairs illustrates the

• A) speculative demand for money.
• B) transfer demand for money.
• C) precautionary demand for money.
• D) transactions demand for money.

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Definitions:

Management Accountants

Professionals who specialize in providing financial data and analysis to managers within organizations to make informed business decisions.

Cost Accounting

The method of accounting that focuses on capturing a company's total cost of production by assessing its variable and fixed costs.

Managerial Accounting Report

A document that provides detailed financial information intended to help managers in decision-making processes.

Operating Costs

Expenses associated with running a business's core activities, excluding the cost of goods sold.