TREASURY MANAGEMENT

Investment policy defines the level of risk that a company is willing to tolerate and defines the exact types of investment vehicles to be used (or not used). How do you explain this in layman's term? What are the examples? What is meant by investment vehicles? Give an example with a high risk and low risk category. What is the best investments vehicle to be used in a company. What do you mean by covering the allowable liquidity as the first policy in investment policy? Give a situation. In a brief explanation.