How Should the Johnsons Manage Their Cash? In January, Harry and Belinda Johnson had \$10,660 in monetary assets (see page 109): \$1,100 in cash on hand; $1,200 in a statement savings account at First Credit Union earning 1.0 percent interest; $4,000 in a statement savings account at the Far West Savings Bank earning 1.1 percent interest; $2,260 in Homestead Credit Union earning a dividend of 1.3 percent; and $2,100 in their regular checking account at First Credit Union earning 1 percent. (a) What specific recommendations would you give the Johnsons for selecting checking and savings accounts that will enable them to effectively use the first and second tools of monetary asset management? (b) Their annual budget, cash-flow calendar, and revolving savings fund (see Tables 3-6, 3-7, and 38 on pages 97,98 and 99 ) indicate that the Johnsons will have additional amounts to deposit in the coming year. What are your recommendations for the Johnsons regarding use of a money market account? Why? (c) What savings instrument would you recommend for their savings, given their objective of saving (c) What savings instrument would you recommend for their savings, given their objective of saving enough to purchase a new home? Support your