Free Version

Review Topics
Practice Exams
Play hard to get with the sexy test answers. We know what we're talking about. Just ask Robeefalette.

Cash Equivalents

Cash is king, but it’s also insured deposits (like CDs and demand deposits), or money market instruments (like commercial paper and Treasury bills). So what makes not-cash cash? Anything in your account that is either straight-up cash (it’s got a picture of some old dude on it), or can be liquidated quickly, is considered cash.

Things like T-bills, commercial paper, banker’s acceptance notes, and repurchase agreements are considered cash equivalents if they mature in three months or less. ...

Looking for more? Why is this annoying box in the way? It's because you haven't paid for the course yet!

Next: Know Thy Client
Prev: Key Vocab Terms to Know for the 65

*Securities is a registered trademark of the College Board, which was not involved in the production of, and does not endorse this product.