Which of the following is not a good reason for holding cash

Which of the following is not a good reason for holding cash

Which of the following is not a good reason for holdingcash rather than marketable securities? Cash is held:a. to meet daily business transactionneeds.b. to provide the CEO with a travelslush fund.c. when yields on marketablesecurities are so low that brokerage costs would nearly eat up theentire yield.d. to make the balance sheet lookgood.


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