Which of the following is a popular cash equivalent?
A) Commercial paper
B) A hedge fund
C) Capital gain
D) A capital asset

Name: Which of the following is a popular cash equivalent? A) Commercial paper B) A hedge fund C) Capital gain D) A capital asset
Brand: Quizplus
Rating: 4.7 (40 reviews)

Question

Quizplus · Accepted Answer

Commercial paper is a short-term, unsecured debt instrument issued by corporations, typically used for financing short-term liabilities, and is considered a cash equivalent due to its high liquidity and low risk.

Which of the Following Is a Popular Cash Equivalent