Cash equivalents are short-term, highly liquid investments purchased within three months of maturity.

Name: Cash equivalents are short-term, highly liquid investments purchased within three months of maturity.
Brand: Quizplus
Rating: 4.9 (59 reviews)

Question

Quizplus · Accepted Answer

Cash equivalents are defined as short-term, highly liquid investments that can be easily converted to cash and typically have a maturity date of three months or less from the date of purchase. Examples of cash equivalents include treasury bills, commercial paper, and money market funds.

Cash Equivalents Are Short-Term, Highly Liquid Investments Purchased Within Three