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Funding a business
What is the reason behind holding cash?
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[QUOTE="springtech, post: 87075, member: 29282"] Good details. This is basic economics. In economics we are made to understand in simple terms, that money is a means of exchange. It is a legal tender. Hence as a legal tender, we hold money basically to be able to make purchase of items we need, be it for use or consumption. And the truth is, need arises every time, from time to time and at any where, with money held in your hand you can meet your immediate need without feeling agitated or feeling under pressure. This goes to show the importance of holding cash. Imagine that feeling you have in an emergency situation where you urgently need cash but you have know readily available even though you have more than enough in the account. [/QUOTE]
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What is the reason behind holding cash?
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