Explaining the Phrase "Cash is King"
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What does the phrase "cash is king" mean to you?
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Solution Summary
Solution explains the phrase "Cash is King" with suitable examples.
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Solution:
The phrase "Cash is King" means to me is "Cash is a best friend in tougher times".
Let us analyze why more cash is needed in tough times?
1) In economic slowdown, generally banks tighten their credit policy. It becomes very difficult for small business owners to get loan from the banks.
2) Investors also have negative ...
Education
- BEng (Hons) , Birla Institute of Technology and Science, India
- MSc (Hons) , Birla Institute of Technology and Science, India
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