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.