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Basic Cash Control: Terminology Exercises

Exercise Question
Terminology Exercise 1

Most folks think of Cash as anything of value that is customarily or typically accepted as a means of payment. This includes paper money and coins. What are some of the other items that the University includes in its definition of cash?

  1. Credit card receipts
  2. Bullion (not boullion as in Oxo)
  3. Travelers' checks (or if you like, Travelers' Cheques)
  4. Stamps
  5. Only credit card receipts and Travelers' checks
  6. a thru d above
Terminology Exercise 2

By the way, have you ever thought about who actually owns all the money that comes in? Who do you think?

  1. The University unit/department that receives the cash owns the cash.
  2. The employee who receives the cash owns the cash.
  3. The Regents of the University of California own the cash.
  4. The campus owns all incoming cash.
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