_____ are very safe and highly liquid assets that firms list with their cash holdings on their balance sheet.
A) Intangible assets
B) Marketable derivatives
C) Cash equivalents
D) Cash certificates

Question

Quizplus · Accepted Answer

Cash equivalents are highly liquid assets that are easily convertible into cash and have a low risk of loss. They include bank deposits, money market funds, and short-term government securities. Firms list these assets on their balance sheet as part of their cash holdings.

_____ Are Very Safe and Highly Liquid Assets That Firms