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  "documentTitle": "Responding to COVID-19: Addressing the economic impact of the crisis",
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  "notes": "The chart uses a right-skewed distribution to illustrate the concentration of small businesses with low cash reserves.",
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      "text": "With a median of only 27 cash buffer days, the typical SMB has a low margin of error in the face of economic headwinds and unexpected shocks",
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      "text": "\"Cash buffer\" days: The number of days of cash outflows a business could pay out of its cash balance were its inflows to stop (computed as the ratio of its average daily cash balance to its average daily cash outflows)",
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      "text": "Source: \"Cash is King: Flows, Balances, and Buffer Days. Evidence from 600,000 Small Businesses.\" JP Morgan Chase & Co Institute. September 2016.",
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