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Make sure you know which calculator to bring to your test. You know what they say: don't bring a buffalo chip to an Ultimate Frisbee tournament. I lost a lot of friends that day...

Cash Equivalents

Cash Equivalents

Cash is king, but it's also insured deposits (like CDs and demand deposits), and 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 that 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...

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