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Questions and Answers
Which of the following is considered a cash equivalent?
Which of the following is considered a cash equivalent?
- Savings accounts
- Chequing accounts
- Short-term investments
- All of the above (correct)
What is the primary purpose of cash equivalents?
What is the primary purpose of cash equivalents?
- To generate long-term returns
- To reduce tax liabilities
- To finance company operations
- To provide liquidity (correct)
Which of the following is not considered a cash equivalent?
Which of the following is not considered a cash equivalent?
- Long-term investments (correct)
- Savings accounts
- Chequing accounts
- Money market funds
