Cash equivalents includes everything, EXCEPT

Question

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Cash equivalents are highly liquid assets, which can be easily converted into cash. Demand deposits (A) and money market funds (B) are considered as cash equivalents. Lines of credit (D) may also be considered as cash equivalents, as they provide access to funds in a short time period. However, short-term bank loans (C) are not considered as cash equivalents, as they need to be repaid with interest and have a fixed repayment schedule.

Cash Equivalents Includes Everything, EXCEPT