Which of the Following Characteristics Does Not Apply to Cash

question 86

Multiple Choice

Which of the following characteristics does not apply to cash equivalents?

• A) Short-term
• B) Highly-liquid
• C) Readily convertible into cash
• D) Sensitive to interest rate changes

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Definitions:

War Powers Act

A federal law intended to check the president's power to commit the United States to armed conflict without the consent of the U.S. Congress.

Geraldine Ferraro

The first female vice presidential candidate representing a major American political party, running in 1984 on the Democratic ticket with Walter Mondale.

Major-Party Presidential Ticket

The combination of a presidential candidate and vice-presidential candidate representing one of the two major political parties in the United States during an election.

Welfare State

A system in which the government undertakes to protect the health and well-being of its citizens, especially those in financial or social need, by means of grants, pensions, and other benefits.