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by H8crilA
1867 days ago
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Short dated treasuries are practically indistinguishable from "cash". They're counted together on corporate balance sheets. Also, what do you mean "cash"? Printed bills? Deposits in commercial banks' checking accounts? Would savings accounts count too (they can be frozen for some amount of days)? Deposits in Fed accounts? |
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And it's not going to get any better.
What sad times we live in.