Cash Equivalents Include Each of the Following Except

question 24

Multiple Choice

Cash equivalents include each of the following except

• A) bank certificates of deposit.
• B) money market funds.
• C) petty cash.
• D) U.S. Treasury bills.

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Definitions:

Labor Supply

The total hours that workers wish to work at a given wage rate.

Leisure

Time free from work or duties, which can be used for relaxation, recreation, or personal activities that one enjoys.

Income Effect

The adjustment in income of an individual or an economic system, and its effect on how much of a good or service is demanded.

Substitution Effect

The change in consumption resulting from a change in the price of a good, causing consumers to replace more expensive items with less expensive ones.