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wulph · 08-19-2008, 03:41 PM

I'm pretty sure that "cash" in this context meant money in the bank, in checking and savings accounts, that is, cash and cash equivalents. At least that's the way the term "cash" was used in my accounting classes.

I once had to carry $14,000 in cash (actual paper money) to the bank, and it was nerve-wracking. But, the experience made it easier for me to carry a few hundred dollars at a time, which actually saves me money since I'm not stopping off at the ATMs any more. Those fees add up, especially when you're taking out $20 at a time.

08-19-2008, 03:41 PM	#126 (permalink)
wulph Senior Member Join Date: Oct 2007 Posts: 103	I'm pretty sure that "cash" in this context meant money in the bank, in checking and savings accounts, that is, cash and cash equivalents. At least that's the way the term "cash" was used in my accounting classes. I once had to carry $14,000 in cash (actual paper money) to the bank, and it was nerve-wracking. But, the experience made it easier for me to carry a few hundred dollars at a time, which actually saves me money since I'm not stopping off at the ATMs any more. Those fees add up, especially when you're taking out $20 at a time.