Asked by
Cedric Staana
on Nov 18, 2024Verified
Cash equivalents include
A) checks
B) coins and currency
C) money market accounts and commercial paper
D) stocks and short-term bonds
Money Market Accounts
Financial accounts that typically offer higher interest rates than savings accounts, while providing the account holder with limited check-writing ability.
Commercial Paper
An unsecured, short-term debt instrument issued by corporations, typically used for the financing of payroll, accounts payable, and inventories.
- Differentiate among cash, cash equivalents, and various financial instruments.
Verified Answer
MF
Learning Objectives
- Differentiate among cash, cash equivalents, and various financial instruments.