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Secondary Functions of a Bank

In a broader ...

Question

In a broader sense, cash includes ________________.

A

Nodes and coins

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B

Bank balance

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C

Bank drafts

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D

Markable securities

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E

All of the above

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Solution

The correct option is E All of the above
Cash in the broader sense includes actual cash in the form of coins and bank drafts held by the firm, deposits withdrawable on demand and marketable securities which can be immediately sold or converted into cash.

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