Which of the Following Is Not a Reason That Firms

question 149

Multiple Choice

Which of the following is not a reason that firms typically hold cash?

• A)To make routine transactions
• B)To satisfy compensating balance requirements
• C)To earn interest
• D)To be able to respond to emergencies and opportunities

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Definitions:

Washington's Presidency

The period from 1789 to 1797 when George Washington served as the first President of the United States, setting many precedents for the role.

Lifelong Position

A job or office that is held for the incumbent's lifetime, often seen in judicial appointments or certain academic posts.

Jay's Treaty

A 1794 agreement between the United States and Great Britain that aimed to resolve issues remaining since the American Revolution and to facilitate ten years of peaceful trade between the two countries.

Mary Wollstonecraft

An English writer and advocate for women's rights, recognized for her work "A Vindication of the Rights of Woman" (1792), which argued for the education and equality of women.