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Directions: Choose the best answer based on the information you read in Chapter Seventeen. "Technology has given us a lot of gifts it has also created some real drains on our time"
Cash Surpluses
Occurs when a company has more cash inflow than outflow, leading to excess liquidity.
Liquidity
The simplicity of turning an asset into cash without impacting its market value.
Money Market
A segment of the financial market where short-term financial instruments with high liquidity and short maturities are traded.
Float Motive
The rationale for holding money in transaction accounts to satisfy daily operational cash flow needs.
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