3 Questions
Which of the following is considered a cash equivalent?
All of the above
What is the primary purpose of cash equivalents?
To provide liquidity
Which of the following is not considered a cash equivalent?
Long-term investments
Test your knowledge on cash equivalents with this quiz! Learn about the different types of cash equivalents, including savings accounts, chequing accounts, and short-term investments. See if you can identify which options are considered cash equivalents and increase your understanding of how companies use them to increase earnings.
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