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Laurie's Ice Rink Keeps an Extra $1,000 in Its Checking

Question 9

Multiple Choice

Laurie's Ice Rink keeps an extra $1,000 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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