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1、Chapter27-CashManagementChapter27CashManagement MultipleChoiceQuestions 1. Financialmanagersbroadentheirdefinitionofcashtoinclude: A. currency,bankdeposits,stocksandbonds.B. currency,checkingdeposits,undepositedchecks,andbonds.C. cash,bonds,bankdepositsands

2、hort-termmarketablesecurities.D. currency,checkingdeposits,undepositedchecksandshort-termmarketablesecurities.E. Noneoftheabove. 2. Examplesofcashdisbursementsdonotinclude: A. wages.B. paymentforrawmaterials.C. taxes.D. dividends.E. salesofassets. 3. Whicho

3、fthefollowingisnotanimportantcharacteristicofshort-termmarketablesecurities? A. MaturityriskB. MarketabilityC. TaxabilityD. DefaultriskE. Alloftheaboveareimportant. 4. Marketabilityriskissynonymouswith: A. maturityrisk.B. defaultrisk.C. liquidityrisk.D. int

4、erestraterisk.E. Noneoftheabove. 27-35Chapter27-CashManagement5. Whichofthefollowingmoney-marketsecuritieshasnoactivesecondarymarket? A. Certificatesofdeposit(CD's)B. CommercialpaperC. Banker'sacceptancesD. TreasurybillsE. Allmoney-marketsecuritieshaveactiv

5、esecondarymarkets. 6. Ifafirmhasachieveditstargetcashbalancethenetpresentvalueis: A. positivebecausethecashbalanceispositive.B. zerobecauseincreasingthecashbalanceincreasestheinterestcost.C. negativebecausethecashbalancehasafinancingcost.D. positivebecaused

6、ecreasingthecashdecreasesthecostofilliquidity.E. Noneoftheabove. 7. Determiningtheappropriatetargetcashbalanceinvolvesassessingthetrade-offbetween: A. incomeanddiversification.B. thebenefitandcostofliquidity.C. balancesheetstrengthandtransactionneeds.D. All

7、oftheabove.E. Noneoftheabove. 8. Thetargetcashbalanceisreachedwhen: A. theinterestonanymarketablesecuritythrow-offismaximized.B. theinterestforegonefromnotinvestinginanequivalentamountofTreasurybillsisminimized.C. thevalueofcashliquidityequalsinterestforego

8、neonanequivalentamountofTreasurybills.D. theliquidityvalueisgreaterthaninterestforegoneonanequivalentamountofTreasurybills.E. Noneoftheabove. 27-35Chapter27-CashManagement9. Firmswouldneedtoholdzerocas