_____ are very safe and highly liquid assets that firms list with their cash holdings on their balance sheet.
A)Intangible assets
B)Marketable derivatives
C)Cash equivalents
D)Cash certificates

Question

Quizplus · Accepted Answer

Cash equivalents are short-term, highly liquid assets that can be easily converted into cash and are considered almost as good as cash. They are typically listed on a firm's balance sheet along with their cash holdings. Examples of cash equivalents include treasury bills, commercial paper, and money market funds.

_____ Are Very Safe and Highly Liquid Assets That Firms