Restricted Cash is defined as
A) a temporary investment which is due in 90 days.
B) cash which is to be used for a special purpose.
C) cash which is held in a US bank.
D) a cash overdraft.

Question

Quizplus · Accepted Answer

Restricted cash is specifically earmarked for a particular use or requirement and cannot be freely used for any purpose. This distinguishes it from general cash balances, which can be used for any operational needs.

Restricted Cash Is Defined as