1. What is cash management, and what are its major functions? 2. Give at least two reasons for holding liquid assets. Identify and briefly describe the popular types of liquid assets. 3. Explain the...

1. What is cash management, and what are its major functions?

2. Give at least two reasons for holding liquid assets. Identify and briefly describe the popular types of liquid assets.

3. Explain the effects that historically low interest rates have on borrowers, lenders, savers, and retirees.