true In Texas, proof of financial responsibility can be demonstrated by depositing $60,000 in cash or securities with the state comptroller
<h3>What is
cash?</h3>
Cash is money in the physical form of currency, such as banknotes and coins, in economics. Cash is a current asset in bookkeeping and financial accounting that consists of currency or currency equivalents that can be accessed immediately or nearly immediately.
Cash (currency or coins) is legal tender that can be used to exchange goods, debt, or services. It may also include the value of assets that can be quickly converted into cash, as reported by a company.
Cash is currency money, which includes all bills, coins, and currency notes. A demand deposit is a type of account that allows funds to be withdrawn at any time without notifying the institution. Checking and savings accounts are examples of demand deposit accounts.
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