Which of the following is NOT a cash equivalent?
A)money market fund
B)Treasury bill
C)an investment in real estate property
D)an investment that can easily be converted into cash with little delay

Question

Quizplus · Accepted Answer

A cash equivalent is an investment that can be easily converted into cash with little delay and minimal risk of loss. Money market funds and Treasury bills are both examples of cash equivalents because they meet these criteria. However, an investment in real estate property is not a cash equivalent because it cannot be easily converted into cash with little delay and may involve significant risk of loss.

Which of the Following Is NOT a Cash Equivalent