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Examples of Cash Equivalents Include Time Deposits, Certificates of Deposit

question 73

True/False

Examples of cash equivalents include time deposits, certificates of deposit, and marketable securities.


Definitions:

Online Commercial Transactions

Business dealings and the exchange of goods or services for payment carried out over the internet.

Electronic Signature

A digital form of a signature used to give consent or approve documents electronically, having legal standing similar to a handwritten signature.

Statute of Frauds

Legal requirement that certain contracts be in writing and signed by the party to be charged to be enforceable.

Writing

The act of marking coherent words on a surface or the piece of text itself; in legal contexts, many agreements must be documented in writing to be enforceable.

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