Which of the following is not a "cash equivalent"?
A)Time deposits
B)Certificates of deposit
C)Money market funds
D)Marketable securities

Question

Quizplus · Accepted Answer

Time deposits, certificates of deposit, and money market funds are all considered cash equivalents because they can be easily converted to cash without significant risk of loss in value. Marketable securities, however, are not considered cash equivalents because their value can fluctuate based on market conditions and they may not be as easily convertible to cash.

Which of the Following Is Not a "Cash Equivalent