A cash equivalent is:.
A. An investment readily convertible to a known amount of cash.
B. Cl...
A cash equivalent is:.
A. An investment readily convertible to a known amount of cash.
B. Close to its maturity date but its market value may still be affected by interest rate changes.
C. Generally within 3 years of its maturity date.
D. Is not considered highly liquid. E. Another name for cash.
Answers: 1
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