Which of the following statements are not true? Statement 1: The main purpose of...
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Finance
Which of the following statements are not true?
- Statement 1: The main purpose of managing a firm's daily cash position is to have sufficient cash on hand but to avoid keeping excess cash because of interest income forgone by not investing the cash.
- Statement 2: Daily cash position refers to cash balances, whether invested or uninvested, a firm has available to make routine purchases and pay expenses as they come due.
|
| Statement 1 only |
|
| Both statements |
|
| Statement 2 only |
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