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Why the rich do not keep their money in the bank!
Most Americans have their money in "bank accounts", but what people don't know is that those bank accounts are actually investment accounts, that in the investment world, are called "Cash Equivalents". Two such accounts that most people are familiar with are checking accounts and savings accounts. Other Cash Equivalents are Certificates of Deposits (CDs), Savings Bonds, Money Market Accounts, and Treasury Bills. Cash Equivalents are low risk, low return and the generally offe