Question
While Cash is a safe and easy store of funds, holding cash is still not without its risks and costs. Select the response choices
While Cash is a safe and easy store of funds, holding cash is still not without its risks and costs. Select the response choices that describe the risks and costs of holding cash. Cash does not pay much - savings account interest rates are very low when compared to bond yields or equity dividends Opportunity cost - client may miss out on the interest, dividends or capital gains that could come from owning securities and those funds being being fully invested Inflation risk - cash interest may not beat the rising cost of living All of the above
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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