Your bank, First Bank, charges you $1.50 every time you use an ATM that is not owned by them- Unfortunately, there is no First Bank ATM near your school- There is a Second Bank ATM in the Student Center, which you use several times a week to withdraw $10 at a time for lunch, video games, etc- What is the best piece of advice regarding these transactions?

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Personal Finance: Cash or Liquid Asset Management — practice the complete quiz, review flashcards, or try a random question.

Liquid assets differ from non-liquid assets, such as property, vehicles or jewelry, which can take longer to sell and therefore convert to cash, and may lose value in the sale.

Some Examples of liquid assets:
Cash or currency: The cash you physically have on hand.
Bank accounts: The money in your checking account or savings account.
Accounts receivable: The money owed to your business by your customers.
Mutual funds: A fund that pools money from many different investors into a diverse portfolio.


Your bank, First Bank, charges you $1.50 every time you use an ATM that is not owned by them- Unfortunately, there is no First Bank ATM near your school- There is a Second Bank ATM in the Student Center, which you use several times a week to withdraw $10 at a time for lunch, video games, etc- What is the best piece of advice regarding these transactions?






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