4 ms·
There’s a reason they’re called cash “equivalents”.
by bwanab 7y ago
There’s a reason they’re called cash “equivalents”.
- tathougies 7y agoUm right, but commercial paper and bonds have interest rates, unlike normal cash. So while they're easily converted to cash, they do not suffer as badly from inflation.
- quickthrower2 7y agoThey also carry risk of default.