Question

money that your company has in the bank in case of unexpected financial needs or in case sales slow down is called ______. a. an asset fund b. a cash reserve c. equity d. insurance

Explanation:

broader investment vehicle, equity represents ownership in a company, and insurance is a contract for risk mitigation, none of which match the described definition.

Answer:

broader investment vehicle, equity represents ownership in a company, and insurance is a contract for risk mitigation, none of which match the described definition.