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35 year old married male. combined income of 185k. Liquid Savings is $32,000
Paper currency is more liquid than a savings account. In theory, you can withdraw money from a savings account at any time, however, banks do reserve the right to delay such payments (if too many people want currency at the same time, the bank may run out).
savings accounts are not subject to the Fed's reserve requirements because savings accounts are not as liquid as checking accounts.
Liquid assets are those considered easy to liquidate. Such as savings, money market accounts and cash on hand. Non liquid assets are difficult to liquidate. Certificates of deposits are an example of a non liquid asset.
no
By definition, cash is the most liquid.
$500,000
35 year old married male. combined income of 185k. Liquid Savings is $32,000
I would suggest never - hydrogen peroxide is a rather unpleasant liquid that is typically used to induce emergency vomiting at home prior to taking your dog to a vet clinic for treatment.
Paper currency is more liquid than a savings account. In theory, you can withdraw money from a savings account at any time, however, banks do reserve the right to delay such payments (if too many people want currency at the same time, the bank may run out).
The cash in your pocket, but secondary would be a savings account.
The cash in your pocket, but secondary would be a savings account.
savings accounts are not subject to the Fed's reserve requirements because savings accounts are not as liquid as checking accounts.
Liquid assets are those considered easy to liquidate. Such as savings, money market accounts and cash on hand. Non liquid assets are difficult to liquidate. Certificates of deposits are an example of a non liquid asset.
Go to an emergency i wash station or a doctor...
An example of a liquid investment is stocks or shares in a publicly traded company. These can be easily bought and sold on the stock market, allowing investors to quickly convert their investment into cash if needed.