What Are Implicit Transaction Costs That MNCs Incur in Dealing

What are implicit transaction costs that MNCs incur in dealing with their cash balances?

A) Implicit transaction costs are costs of dealing with a firm's cash balances that are not disclosed to the firm until after the transaction is completed.
B) Implicit transaction costs incurred in dealing with an MNC's cash balance involve costs associated with making internal decisions about the firm's cash balance.
C) Implicit transaction costs are costs of arranging the firm's cash balances that the firm will not have to pay until a later time.
D) Implicit transaction costs are costs that are charged to a firm in connection with managing its cash balances that will be deducted from the firm's cash balance rather than being billed to the firm.

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