- CFA Exams
- CFA Level I Exam
- Topic 3. Corporate Issuers
- Learning Module 4. Working Capital and Liquidity
- Subject 3. Managing Working Capital and Liquidity
CFA Practice Question
Which of the following questions relate to short-term financial planning?
II. What is the optimal level of long-term unsecured credit?
III. How long should credit be extended to customers?
IV. Should the firm issue commercial paper?
I. How much cash should be kept on hand?
II. What is the optimal level of long-term unsecured credit?
III. How long should credit be extended to customers?
IV. Should the firm issue commercial paper?
Correct Answer: I, III, and IV
User Contributed Comments 5
| User | Comment |
|---|---|
| jpducros | Why not II ? |
| erinelize | because the question is asking about short-term financing and II pertains to long-term. |
| johntan1979 | Why not you read the question carefully? |
| gill15 | I dont know anything in this section and I dont want to read it. I'm just using elimination and doing questions |
| ibrahim18 | @gill15. Fasyesy way to fail. |