Money market securities are sometimes referred to as "cash equivalent" because _____.
A) they are safe and marketable
B) they are not liquid
C) they are high risk
D) they are low denomination

Question

Quizplus · Accepted Answer

Money market securities are considered cash equivalents because they are highly liquid, safe and marketable, and can be easily converted to cash with minimal risk of loss.

Money Market Securities Are Sometimes Referred to as "Cash Equivalent