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吾日三省乎吾身。为人谋而不忠乎？与朋友交而不信乎？传不习乎？——《论语》 Chapter 27 - Cash Management Chapter 27 Cash Management Multiple Choice Questions 1. Financial managers broaden their definition of cash to include: A. currency, bank deposits, stocks and bonds. B. currency, checking deposits, undeposited checks, and bonds. C. cash, bonds, bank deposits and short-term marketable securities. D. currency, checking deposits, undeposited checks and short-term marketable securities. E. None of the above. 2. Examples of cash disbursements do not include: A. wages. B. payment for raw materials. C. taxes. D. dividends. E. sales of assets. 3. Which of the following is not an important characteristic of short-term marketable securities? A. Maturity risk B. Marketability C. Taxability D. Default risk E. All of the above are important. 4. Marketability risk is synonymous with: A. maturity risk. B. default risk. C. liquidity risk. D. interest rate risk. E. None of the above. 27-1 吾日三省乎吾身。为人谋而不忠乎？与朋友交而不信乎？传不习乎？——《论语》 万两黄金容易得，知心一个也难求。——《曹雪芹》 Chapter 27 - Cash Management 5. Which of the following money-market securities has no active secondary market? A. Certificates of deposit (CDs) B. Commercial paper C. Bankers acceptances D. Treasury bills E. All money-market securities have active secondary markets. 6. If a firm has achieved its target cash balance the net present value is: