Bennie Waller [email protected] 434-395-2046 Longwood University 201 High Street Farmville, VA 23901. Managing cash (near cash) assets involves liquidity choices. Liquidity is the ability of assets to be easily converted to cash
Non-deposit-type financial institutions have traditional checking and savings more recently begun to offer similar services as banks, while banks have begun to offer services traditionally provided by non-deposit institutions (e.g., securities purchases).
Thus, over the past two decades, traditional lines between the two types of financial institutions have blurred considerably.