Which of the Following Is Not a Characteristic of Marketable

question 51

Multiple Choice

Which of the following is not a characteristic of marketable securities?

• A)short term
• B)illiquid
• C)high quality
• D)interest bearing

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Definitions:

Bookkeeper

An individual responsible for recording and maintaining a company's financial transactions, such as purchases, sales, receipts, and payments.

Cash Equivalents

Short-term, highly liquid investments that are readily convertible to known amounts of cash.

December 31

The last day of the year in the Gregorian calendar, commonly associated with the closing of fiscal and calendar year accounts.

Cash Equivalents

Investments of a short duration that are easily turned into fixed cash amounts and carry minimal risk of varying in worth.