5106593

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5106593

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A cash letter is a group of negotiable items, usually checks, accompanied by a specific set of instructions for each of the items. Some wealthy people who give away their money for free include warren buffett, bill gates, judy faulkner, mark zuckerberg and larry ellison.

Money acts as a unit of account, a medium of exchange and a store of value. Cash receipts, such as payments from customers and income from investments, represent money coming into a business, while cash disbursements are money flowing out of the firm. Cash letters are normally sent to a clearing house or the federal res