An Investment That Is Readily Convertible to a Known Amount

question 131

Multiple Choice

An investment that is readily convertible to a known amount of cash and that is sufficiently close to its maturity date so that its market value is relatively insensitive to interest rate changes is a(n) :

• A)Short-term marketable equity security.
• B)Operating activity.
• C)Common stock.
• D)Cash equivalent.
• E)Financing activity.

---

Definitions:

Private Carriers

Transportation service providers that operate on a for-hire basis but are not available to the public and typically serve specific customers or industries.

Higher Standard

A set of criteria or principles that is more rigorous or demanding than the usual or basic standard, often used in legal and ethical contexts to denote superior quality or integrity.

Common Carriers

Companies that offer transportation services to the public under the authority of a regulatory body and are required to provide service without discrimination.

Common Law

Common Law is a legal system based on judicial decisions and precedent, as opposed to statutes or written laws enacted by a legislative body.