The problem of motivating one party to act in the best interest of another party is known as the principal-agent problem

A decision of the Supreme Court of Canada, is only binding on the Canadian federal courts

Indicate whether the statement is true or false

A construction firm that accumulates cash in anticipation of a significant drop in lumber costs is an

example of the ________ motive for holding cash. A) precautionary B) speculative C) transaction D) hedging