Is Hot Money a Recommended Means of Banking?
The term “hot money” can mean several different things. It can refer to types of fraud where money is illegally moved into different funds, or where the currency is identified as stolen (e.g. the bills are marked or the serial numbers are in consecutive order). It can also refer to funds that are invested in whatever accounts are defined as a high interest savings account, and that move very quickly from account to account.
July 20, 2009
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