Name some ways an individual might handle a cash flow deficiency. Which way would be preferable? Why?
Answer to relevant QuestionsWhat is the opportunity cost of having excessive amounts of liquid funds? How does a money market deposit account (MMDA) differ from a NOW account? When might a depositor use an MMDA? Troy paid $ 9,600 for a T- bill with a face value of $ 10,000. What is Troy’s return if he holds the T- bill to maturity? How often should you review your credit report from each of the three major credit bureaus. Why is this review beneficial? 1. Should the Sampsons accept the increase in the limit on their credit card even if they do not anticipate using it? 2. Advise the Sampsons on steps that they can take to reduce their exposure to identity theft.
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