Which of the following is considered a cash equivalent?a) Stocks b) Money market funds c) Corporate bonds d) Real estate
Question
Solution 1
b) Money market funds
Here's why:
a) Stocks: These are not considered cash equivalents because their value can fluctuate and they cannot be easily converted into cash without a significant change in value.
b) Money market funds: These are considered cash equivalents. They are short-term, highly l Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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