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Short dated treasuries are practically indistinguishable from "cash". They're counted together on corporate balance sheets. Also, what do you mean "cash"? Prin
by H8crilA 5y ago
Short dated treasuries are practically indistinguishable from "cash". They're counted together on corporate balance sheets.
Also, what do you mean "cash"? Printed bills? Deposits in commercial banks' checking accounts? Would savings accounts count too (they can be frozen for some amount of days)? Deposits in Fed accounts?
- ur-whale 5y agoYou're right. These days, the word "cash" is basically meaningless for anything bigger than buying a bagful of groceries at the store. And it's not going to get any better. What sad times we live in.
- H8crilA 5y agoNothing has changed for many decades, actually. For much longer than I'm alive, for instance. There's nothing new in money classification, currently.