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Data on Global Income and Living Conditions Show That

question 51

Multiple Choice

Data on global income and living conditions show that

Gain insights into the Miller-Orr and BAT models for optimal cash management.
Appreciate the different needs for holding cash: transactional, precautionary, and speculative.
Understand the mechanisms to reduce collection float and the role of electronic payments in managing float.
Recognize the costs associated with holding too little or too much cash, and the role of money market instruments in liquidity management.

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