CNSR SCI 275 Study Guide - Midterm Guide: Occupational Safety And Health, Plan 9 From Bell Labs, Market Liquidity
30 Oct 2014
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A) a monetary asset is basically a liquid asset meaning it is either cash or can easily be turned into cash with little or no loss in value. These include the cash you hold, your checking and savings account balances and your money market funds: liability : your debt or what you owe. Section on record keeping pages 44 46: an important step in creating a personal financial plan is to keep and maintain accurate records, this is important for 3 reasons: Without them, it"s extremely difficult to prepare taxes. A strong record - keeping system allows you to track expenses and easily determine how much you"re spending and what you"re spending it on. It makes it much easier for someone else to step in during an emergency and understan d your financial situation (such as being hospitalized) The best record keeping system to use for your personal finances is the one that you"ll actually use.
