Laurie's Ice Rink Keeps an Extra $1,500 in Its Checking

question 91

Multiple Choice

Laurie's Ice Rink keeps an extra $1,500 in its checking account simply in case an emergency arises.Which type of motive for holding cash does this represent?

• A)Speculative
• B)Float requirement
• C)Transaction
• D)Precautionary
• E)Availability

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