Concept explainers
Case summary:Ms. J earns a six-figure salary and has built up a cash reserve of over $20,000. She maintains a checking and a savings account and also has a credit card which she uses for most of her purchases. She has opened several CDs as well and has also opened up a
Characters in the case : Ms. J
Adequate information:
Earns a six-figure salary
Cash Reserve over $20,000
Maintains a checking and a savings account
Maintains several CDs
Maintains money market account worth nearly $10,000
To determine: Cash management account and its benefits.
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