Carrying excess cash is convenient but expensive because cash earns little or no return.

Name: Carrying excess cash is convenient but expensive because cash earns little or no return.
Brand: Quizplus
Rating: 4.9 (47 reviews)

Question

Quizplus · Accepted Answer

Carrying excess cash means that the cash is not invested or placed in an account that earns interest, so it does not generate any returns. Therefore, it is more expensive than investing or placing the cash in an interest-bearing account.

Carrying Excess Cash Is Convenient but Expensive Because Cash Earns