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If a Firm Has $250,000 in Securities, $40,000 Due from Other

Question 4

Multiple Choice

If a firm has $250,000 in securities, $40,000 due from other institutions, $22,000 in cash, and $8 million in total assets, its cash ratio equals:

A) 3.9%
B) 0.78%
C) 0.28%
D) 0.50%
E) none of the above.

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