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A firm’s air conditioning unit breaks down unexpectedly and must be replaced immediately.

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A firm’s air conditioning unit breaks down unexpectedly and must be replaced immediately. What type of liquidity requirement is this an example of?

A.

Transaction

B.

Precautionary

C.

Speculative

D.

Opportunity

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AFP CTP Summary

  • Vendor: AFP
  • Product: CTP
  • Update on: Oct 21, 2025
  • Questions: 1076
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TESTED 21 Oct 2025