Question：

Which action is most likely considered a secondary source of liquidity? 
A. Renegotiating current debt contracts to lower interest payments 
B. Increasing the efficiency of cash flow management 
C. Increasing the availability of bank lines of credit 
 

Answer = A 
Renegotiating debt contracts is a secondary source of liquidity because it may affect the company’s operating and/or financial positions.
 

CFA Level I
“Working Capital Management,” Edgar A. Norton, Jr., Kenneth L. Parkinson, and Pamela Peterson Drake
Sections 2.1.1, 2.1.2

 

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