Which Statement Is Correct

question 42

Multiple Choice

Which statement is correct?

• A)A held for trading security can be classified as cash.
• B)A held to maturity security can be classified as cash.
• C)A held for trading security can be classified as cash equivalent
• D)A held for trading security can be classified as cash equivalent.

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Definitions:

North American Free Trade Agreement

A trilateral trade agreement between Canada, Mexico, and the United States designed to reduce trade barriers and increase economic activity among these nations.

Canada

A country in North America known for its vast landscapes, multicultural population, and as being the second-largest country in the world by total area.

Mexico

A country in the southern portion of North America known for its rich history, diverse cultures, and significant economic activities.

European Union

A political and economic union of 27 member states located primarily in Europe, aimed at facilitating economic cooperation, trade, and policy harmonization.