A projected excess cash balance for the month may be
A. financed with short-term securities.
B. financed with long-term securities.
C. invested in marketable securities.
D. invested in long-term securities.
Answer:C
A projected excess cash balance for the month may be
A. financed with short-term securities. B. financed with long-term securities. C. invested in marketable securities. D. invested in long-term securities.