Which of the Following Is Not Considered to Be a Cash

question 64

Multiple Choice

Which of the following is not considered to be a cash equivalent?

• A) Corporate commercial paper due in 60 days after purchase
• B) U.S. Treasury bills with an original maturity of six months
• C) A money market account with a stock brokerage firm
• D) A certificate of deposit with a term of 75 days when acquired

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Definitions:

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay, representing the benefit to consumers from market transactions.

Equilibrium

The market condition where supply equals demand for a product, resulting in a stable price.

Consumer Surplus

The difference between what consumers are willing to pay and what they actually pay.

Market Price

The current price at which a good or service can be bought or sold, determined by the forces of supply and demand.