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List the three components of a valid authorization.
Equity Securities
Financial instruments representing ownership interest in a company, such as stocks, which provide voting rights and potential dividends.
Short-Term Investment
Financial assets that are expected to be converted into cash or sold within a year.
Monetary Assets
Monetary assets are financial assets that are cash or can be quickly converted into a known amount of cash with minimal risk of changes in value.
Cash Equivalents
Short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.
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