What is cash management, and what are its major functions?
Answer to relevant QuestionsGive two reasons for holding liquid assets. Identify and briefly describe the popular types of liquid assets.Distinguish between a checking account and a savings account.Is it possible to bounce a check because of insufficient funds when the checkbook ledger shows a balance available to cover it? Explain what happens when a check bounces. Can you obtain protection against overdrafts?Your parents are retired and have expressed concern about the really low interest rates they’re earning on their savings. They’ve been approached by an advisor who says he has a “sure-fire” way to get them higher ...1. Calculate the annual cost of each of the three accounts, assuming that Judith’s banking habits remain the same. Which plan would you recommend and why?2. Should Judith consider opening the interest checking account and ...
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