Most Firms Have a Minimum Desired Cash Balance

question 117

True/False

Most firms have a minimum desired cash balance.

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Definitions:

Biological Foundations

The underlying physical and genetic basis for human behavior, including brain structures, neurochemical processes, and genetic influences.

Consciousness

The state of being awake and aware of one's surroundings, thoughts, feelings, and sensations.

Spinal Reflexes

Spinal reflexes are automatic responses to stimuli that involve the spinal cord and occur without the direct involvement of the brain, such as the knee-jerk reaction.

Automatic

Processes or responses that occur without conscious thought, often as a result of learning or habituation.