Which of the following is not a cash equivalent?
A)30-day certificate of deposit
B)60-day commercial paper
C)90-day U.S.Treasury bill
D)180-day note issued by a local or state government

Question

Quizplus · Accepted Answer

A 180-day note issued by a local or state government is not considered a cash equivalent because it is not as readily convertible into cash as the other options. The other options are short-term, highly liquid investments that can be quickly converted into cash without significant risk of loss.

Which of the Following Is Not a Cash Equivalent