Ask Question
3 February, 18:21

Cash equivalents meet all of the following criteria except: Multiple Choice Readily convertible to a known cash amount. Short-term investments purchased within 3 months of their maturity dates. Have a market value that is not sensitive to interest rate changes. Short-term U. S. treasury bills. More liquid than cash.

+3
Answers (1)
  1. 3 February, 21:07
    0
    More liquid than cash is the correct option

    Explanation:

    Cash equivalents are cash or other short term assets can be converted into cash in no distant time without losing significant portion of its value.

    All the options enumerated met the criteria cited above except the last option, cash equivalents are more liquid than cash.

    Cash equivalents cannot be more liquid than cash since cash equivalents at best cash and at worst short term easily convertible assets.

    The correct option therefore is the last option, more liquid than cash
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Cash equivalents meet all of the following criteria except: Multiple Choice Readily convertible to a known cash amount. Short-term ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers