Which of the Following Is Not a "Cash Equivalent

question 80

Multiple Choice

Which of the following is not a "cash equivalent"?

• A)Time deposits
• B)Certificates of deposit
• C)Money market funds
• D)Marketable securities

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Definitions:

Contract

A legally binding agreement between two or more parties defining obligations and rights.

Equivalent Payments

Alternative payments that will result in the same future value at a later date.

Obligation

A duty or commitment to fulfil an act, usually as part of a contract or by law, such as the repayment of a loan.

Equal Payments

A series of identical payments made over a set period, commonly used in loans and installment purchases.