________ is the management of cash balances owned by the firm held by banking and other financial institutions.

Question

Quizplus · Accepted Answer

Cash management refers to the management of the firm's cash balances held by banks and other financial institutions. This involves monitoring cash flows, tracking receipts and disbursements, and optimizing cash balances to ensure that the firm has enough cash on hand to meet its operational needs while minimizing the costs associated with holding excess cash. Operating cash flows, reinvoicing, contractual hedging, and capital budgeting are all related concepts but are not the same as cash management.

________ Is the Management of Cash Balances Owned by the Firm