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Know how many questions to expect in a section. There are about 500,000 buffalo in North America...and I expect to see each one of them at the next family reunion. (Uncle Abe, I'm looking at you.)

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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