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cash ratios Quotes

One of the best book quotes about cash ratios
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“The cash ratios, or the amount of actual cash, kept by banks is about 6-10 per cent of all the money deposited with them. Another 20-5 per cent of deposits are kept as ‘near money’, which are investments that can be turned back into cash almost immediately.”
Adrian Furnham
author
The psychology of money
book
personal finance
cash ratios
actual cash
the money deposited
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