The Term Cash Equivalent Refers To

question 31

Multiple Choice

The term cash equivalent refers to:

• A)An item such as a money order,travelers' check,or check from a customer.
• B)An account receivable from a reliable customer who has always paid bills within the discount period.
• C)A guaranteed line of credit at the company's bank.
• D)Very liquid short-term investments such as U.S.Treasury Bills and commercial paper.

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Definitions:

Worse Off

A situation or condition in which an individual or group is in a less favorable position than before.

Demand Curve

A graph showing the relationship between the price of a good and the amount of it that consumers are willing to purchase at various prices.

Levied

Imposed, typically referring to taxes, duties, or charges officially imposed by a government authority.

Supply Curve

A graphical representation showing the relationship between the price of a good or service and the quantity of that good or service that a supplier is willing and able to provide, holding other factors constant.