Solution: Cash on hand refers to Actual physical forex and coins available for immediate use, although cash from the financial institution refers to cash held in a very checking account. Cash on hand is available for fast needs, While cash inside the bank could have to have additional measures to withdraw or transfer.
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Liquidity refers to the ease with which an asset, which include cash, might be converted into cash without incurring sizeable losses. It is a vital measure of a corporation's capability to meet its small-phrase obligations.
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