Callie's Curtain Shop invests the cash it earns in marketable securities, for periods as short as one day or for as long as one year, until it is needed. What temporary investment would Callie's Curtain Shop most likely use to invest these funds?

Question

Quizplus · Accepted Answer

Organizations, like Callie's Curtain Shop, often invest the daily cash they earn, for periods as short as one day (overnight) or for as long as one year, until it is needed. Such temporary investments of cash are known as marketable securities. Examples include U.S. Treasury bills, certificates of deposit, commercial paper, and eurodollar deposits.

Callie's Curtain Shop Invests the Cash It Earns in Marketable