Chapter 5: Managing Your Cash. Explain the importance of effective cash management and list the four tools of cash management. Compare and contrast the primary providers of cash management opportunities in today’s financial services industry.
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Compare and contrast the primary providers of cash management opportunities in today’s financial services industry.
Understand the uses of electronic funds transfer and the legal protections available for it.
Understand the criteria for choosing and using various types of checking accounts and the importance of having an interest-earning checking account.Objectives
Explain the importance of placing excess funds in a money market account.
List the potential benefits of putting money into low-risk, longer-term savings instruments.Objectives