The Lower Cash Limit, L, and the Upper Limit, H

question 103

Multiple Choice

The lower cash limit, L, and the upper limit, H, are:

• A)set by the firm and solved in the Miller-Orr model respectively.
• B)both are solved for in the Miller-Orr model.
• C)both set by the firm and only the target cash balance is solved for in the Miller-Orr model .
• D)two random variables and need not be solved for.
• E)None of the above.

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