Examlex
Which of the following pressure features is semi- permanent and is a result of the frequent midlatitude cyclones that traverse the area?
Outstanding Cheques
Cheques issued by a company that have not been deposited or cashed by the recipient by the end of the accounting period.
Liquidity
The ease with which an asset can be converted into cash without significantly affecting its price, reflecting the ability of a company or individual to meet immediate and short-term obligations.
Precautionary Motive
The desire to hold cash or other liquid assets to meet unexpected needs and financial emergencies.
Financial Slack
The availability of excess funds or resources in a company that allows for flexibility in operations, strategic investments, or weathering financial uncertainties without immediate financial stress.
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