Financial managers often shift temporary funds from chequing accounts to which of the following to earn higher interest returns?
A) administrative securities
B) commercial securities
C) marketable securities
D) strategic securities

Question

Quizplus · Accepted Answer

Financial managers often shift temporary funds to marketable securities to earn higher interest rates as these securities are typically short-term investments with high liquidity and low risk. This allows the company to earn interest on their excess funds while still being able to access the funds quickly when needed. Administrative, commercial, and strategic securities are not commonly used for these purposes.

Financial Managers Often Shift Temporary Funds from Chequing Accounts to Which