Which of the following would not be considered a cash equivalent?

A) A 30-day certificate of deposit.
B) A ten-year Treasury note purchased over nine years ago,which matures in two months.
C) A three-month Treasury bill.
D) A money market fund held at the local bank.

Ten-Year Treasury Note

A government debt security issued by the U.S. Treasury with a ten-year maturity, which pays interest to the holder every six months.

Cash Equivalent

Short-term, highly liquid investments that are easily convertible to known amounts of cash and close to their maturity.

Certificate of Deposit

A time deposit at a bank or financial institution that offers a fixed interest rate over a specified period.