Which of the Following Would NOT Be Considered a 90-Day

question 9

Multiple Choice

Which of the following would NOT be considered a 90-day cash equivalent?

• A)Time deposits
• B)Coin
• C)Treasury notes
• D)Certificates of deposits

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Definitions:

Liability

A legal responsibility or obligation, often financial in nature, that an individual or entity is bound to settle.

Implied Bailment

A situation where possession of property is transferred without explicit agreement, with an understanding that the property will be cared for and returned.

Unlocked Locker

A storage unit or compartment that is not secured with a lock, potentially exposing contents to theft or unauthorized access.

Cell Phone

A portable, wireless telephone for making calls over a cellular network, not restricted by physical connection lines.