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Guy is a fund manager who accumulated substantial assets. The following is his total list of assets: a. He has $30,000 in cash b. $20,000
Guy is a fund manager who accumulated substantial assets. The following is his total list of assets: a. He has $30,000 in cash b. $20,000 in a chequing account c. $5,000 in a savings account d. $500,000 in an RRSP e. $10,000 Canada Savings Bond f. $8,000 money market funds g. $5,000 five-year term deposit h. $15,000 in a GIC How much are the total liquid assets of Guy? $45,000 $50,000 $70,000 $63,000
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