Cash Is a Highly Liquid Asset,but Cash Equivalents Are Not

question 108

True/False

Cash is a highly liquid asset,but cash equivalents are not highly liquid assets.

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Definitions:

Economic Resource

Assets, materials, and inputs used to produce goods and services, including labor, capital, land, and entrepreneurship.

Money

A medium of exchange that is widely accepted in transactions for goods and services and repayment of debts.

Uninsurable Risk

A risk that cannot be covered by an insurance policy due to its high probability of occurring or the inability to accurately price it.

Sources

Refers to the origins or providers of information, materials, or financial resources.