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A Six-Month Bank Certificate of Deposit Would Be Classified as a Cash

question 73

True/False

A six-month bank certificate of deposit would be classified as a cash equivalent.


Definitions:

Void

Describes a contract or legal agreement that has no legal force or effect and is unenforceable.

Mistake

An error about some aspect of a contract that destroys consensus.

Contract

An agreement between two or more parties that is legally binding and creates reciprocal obligations that can be enforced by law.

Wallpaper

Decorative material used to cover and adorn the interior walls of homes, offices, and other buildings.

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