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Cedric Staana
on Nov 18, 2024

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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.
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MF
Monica FernandezNov 18, 2024
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