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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Definitions:

Congestive Heart Failure

A chronic condition where the heart's ability to pump blood is inadequate, leading to symptoms like shortness of breath and swelling.

Echocardiogram

An ultrasound imaging test that uses sound waves to produce images of the heart, helping diagnose and monitor heart conditions.

ICD-10

The International Classification of Diseases, Tenth Revision, a medical classification list by the World Health Organization.

Obstetric Care

Medical care and services provided to pregnant individuals, including monitoring, childbirth, and postpartum support.