4 ms·

You think it's locked in a safe? I'm sure it's invested in a healthy mix of funds.

• asragab 9y ago
  Sorry, maybe I am being dense, but isn't that pretty much where it is? I mean, when articles talk about "cash reserves" don't they precisely mean immediately liquid assets, or does that include invested income as well?
  • jedberg 9y ago
    It means "readily convertible". So stocks, mutual funds, other currency reserves, bonds, etc. Things that if you needed cash right now you could quickly turn into cash.
    • Clubber 9y ago
      An example of a non-liquid asset would be real estate.