What Criterion Is Required for a "Cash Equivalent

question 3

Multiple Choice

What criterion is required for a "cash equivalent"?

• A)Convertibility into cash or insignificant risk of change in value.
• B)Insignificant risk of change in value.
• C)Convertibility into cash and insignificant risk of change in value.
• D)Convertibility into cash.

---

Definitions:

Prudential

A financial services brand known for insurance, investment management, and other financial products and services.

Life Insurance

A contract between an insurer and a policyholder, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person.

Carbon Monoxide

A colorless, odorless, and toxic gas produced by incomplete combustion of carbon-containing materials.

First Alert

A notification system or warning that is given as soon as an issue or emergency is detected, often used in safety and security contexts.