Question: Question 3 (1 point) In relation to Baumol's model for managing cash, which one of the following statements is TRUE? A) As the firm's average

Question 3 (1 point) In relation to Baumol's model for managing cash, which one of the following statements is TRUE? A) As the firm's average cash balance decreases, the total transaction cost over a given period decreases (B) The total opportunity cost of holding cash for a given period is directly proportional to the number of transactions (C) As the amount of cash accessed per transaction increases, the total transaction cost over a given period increases (D) The total transaction cost for a given period is inversely proportional to the firm's average cash balance

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