Which of the Following Would Not Be a Valid Reason

question 64

Multiple Choice

Which of the following would not be a valid reason for keeping currency on hand at a place of business?

• A)To pay small,unforeseen expenses
• B)To make up for any imbalance in the books
• C)To advance money to sales reps for travel expenses
• D)To provide money for cash registers

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Definitions:

Small-Firm Stocks

Equity shares of smaller companies that are often characterized by higher growth potential and higher risk compared to large-cap stocks.

Real Growth

Economic growth adjusted for inflation, reflecting the true increase in value of goods and services produced by an economy.

Nominal Return

The amount of profit or loss generated by an investment without adjusting for inflation or other factors.

Inflation

The pace at which the overall price level of goods and services increases, leading to a decrease in buying power.