Discuss the role that marketable securities play in current asset management.
Not looking for a book answer, but a simplified original response.
Current asset management refers to maintaining current or liquid assets to meet the immediate liabilities of the business. Marketable securities such as money market Mutual Funds, treasury bills and corporate bonds play an important role in current asset management since they are considered liquid. Not only do they increase the liquidity of the firm but they also increase the profitability by providing high returns to the organisation. Moreover their value keeps appreciating which is beneficial to the business.
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