Two statements are given below about Marketable Securities: Statement 1: Marketable securities does not substitute for cash balances. Statement 2: Marketable securities offer a place to temporarily put cash balances to work earning positive returns a. The first statement is TRUE and the second statement is FALSE. b. Both statements are TRUE. c. The first statement is FALSE and the second statement is TRUE. d. Both statements are FALSE.
Two statements are given below about Marketable Securities: Statement 1: Marketable securities does not substitute for cash balances. Statement 2: Marketable securities offer a place to temporarily put cash balances to work earning positive returns a. The first statement is TRUE and the second statement is FALSE. b. Both statements are TRUE. c. The first statement is FALSE and the second statement is TRUE. d. Both statements are FALSE.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Two statements are given below about Marketable Securities: Statement 1: Marketable securities does not substitute for cash balances. Statement 2: Marketable securities offer a place to temporarily put cash balances to work earning positive returns
a. The first statement is TRUE and the second statement is FALSE.
b. Both statements are TRUE.
c. The first statement is FALSE and the second statement is TRUE.
d. Both statements are FALSE.
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