Costs involved in managing cash include:

Question

Quizplus · Accepted Answer

All of the options listed involve costs associated with managing cash. Cheque accounts typically do not earn interest, which means that you potentially miss out on additional income. Using debit cards often incurs merchant fees, which means that you are paying for the convenience of using electronic funds. Additionally, keeping cash secure requires effort, whether that involves installing security cameras, hiring guards, or investing in tamper-proof safes. Therefore, all of these factors contribute to the expenses associated with managing cash.

Costs Involved in Managing Cash Include