Cash equivalents are investments that are readily converted to known amounts of cash and mature within three months.

Name: Cash equivalents are investments that are readily converted to known amounts of cash and mature within three months.
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Cash equivalents are investments that can be easily converted into cash and usually mature within three months or less. Examples of cash equivalents include treasury bills, money market funds, and commercial papers.

Cash Equivalents Are Investments That Are Readily Converted to Known