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I've always found it odd that cash-rich companies keep bank accounts, when they could purchase short-duration t-bills. There's now at least one business bank t
by owenbrown 4y ago
I've always found it odd that cash-rich companies keep bank accounts, when they could purchase short-duration t-bills.
There's now at least one business bank the will purchase t-bills on a companies behalf with minimal transaction costs.
- chollida1 4y agoIf your Roku, How do you pay salaries interest on debt Bills Lobbyists Foreign companies that manufacture your hardware Hedge currency from foreign sales and bills All without a bank account? Keep in mind they say this is 25% of their cash, clearly they invested the bulk of their short terms assets elsewhere .
- di456 4y agoAka operating cash
- dehrmann 4y agoYou need some of that for working capital, and if you want to play the t-bill game, you're better off with a money market fund and letting someone else do the work for you.