Cash equivalents can include both short-term and long-term investments.

Name: Cash equivalents can include both short-term and long-term investments.
Brand: Quizplus
Rating: 4.8 (39 reviews)

Question

Quizplus · Accepted Answer

Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and so close to their maturity that they present insignificant risk of changes in value because of changes in interest rates, typically within 3 months or less.

Cash Equivalents Can Include Both Short-Term and Long-Term Investments