________ Are Investments in Securities That Are Not Readily Convertible

question 81

Short Answer

________ are investments in securities that are not readily convertible to cash, or are not intended to be converted to cash in the short-term.

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Definitions:

Application Program

An application program is software designed to perform a group of coordinated functions, tasks, or activities for the benefit of the user.

Central Processing Unit

The primary component of a computer that performs most of the processing inside a computer.

Main Memory

The principal storage in a computer in which data and programs are temporarily stored for quick access by the processor.

Secondary Storage

A non-volatile storage medium used for keeping data permanently, as opposed to the volatile primary storage or main memory.