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Explain the endowment effect.
Sales
The total amount of goods or services sold by a company during a specific period.
Cash Equivalents
Short-term, highly liquid investments that are readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value.
Certificates of Deposit
A savings certificate with a fixed maturity date and specified fixed interest rate, held at a bank or financial institution.
Bank Reconciliation
The process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bank statement.
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