An example of a cash equivalent is

Name: An example of a cash equivalent is
Brand: Quizplus
Rating: 4.9 (50 reviews)

Question

Quizplus · Accepted Answer

A cash equivalent is a highly liquid asset that can be easily converted into cash within a short period of time (usually 90 days or less). Option D, a 60-day certificate of deposit, fits this definition the best compared to the other options. A time deposit (option A) and notes/ accounts receivable (options B and C) may take longer to be converted into cash and may also involve some credit risk.

An Example of a Cash Equivalent Is