Dashboard
Review Topics
Drills
Practice Exams
Flashcards
Vocabulary
Wear layers in case it gets chilly (or toasty) in the testing center. I only get to take off my coat once a year.

Cash Equivalents

Cash Equivalents

Cash is king, but it's also insured deposits (like CDs and demand deposits), and money market instruments (like commercial paper and Treasury bills). So what makes not-cash, cash? Anything in your account that is either straight-up cash (it's got a picture of some old dude on it), or that can be liquidated quickly, is considered cash.

Things like T-bills, commercial paper, banker's acceptance notes, and repurchase agreements are considered cash equivalents if they mature in three months or...

Looking for more? Why is this annoying box in the way? It's because you haven't paid for the course yet!

$14.99
Next: Know Thy Client  
  Prev: Key Vocab Terms to Know for the 65