The highly liquid investments that a company may invest in when they temporarily have excess cash are called _____.

Question

Quizplus · Accepted Answer

Cash equivalents are highly liquid investments that can easily be converted into cash, and are typically used by companies to invest short-term excess cash. Bank overdrafts, cash short and over, and vouchers are not investments and do not represent a company's excess cash.

The Highly Liquid Investments That a Company May Invest in When