Which of the Following Is Not a Cash Equivalent

question 55

Multiple Choice

Which of the following is not a cash equivalent?

• A) commercial paper acquired with 75 days to maturity
• B) bond sinking fund
• C) money market funds
• D) treasury bill acquired with 30 days to maturity

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Definitions:

Shortage/Surplus

A market condition where the quantity of a good supplied is not equal to the quantity demanded, with a shortage being a deficit and a surplus being an excess.

Minimum Wage

The lowest legal hourly pay rate that employers can pay to workers.

Recession

A phase of brief economic downturn marked by a decrease in business and manufacturing activities, typically recognized when there's a drop in Gross Domestic Product (GDP) for two consecutive quarters.

Price Ceiling

A government-imposed limit on how high a price can be charged on a product, intended to protect consumers from high prices, but can lead to shortages.