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What are Cash and Cash Equivalents?
What is Cash equivalent?
Cash and Cash Equivalents homework help teaches the students that; there are five types of cash equivalents. The types are:
Referred to as T-bills. These are issued to the company, and the firm lends the government money. These are provided in denominations.
Commercial papers are used by companies to receive funds. Usually, they are supported by issuing banks or companies to pay the amount before the due date.
These are financial assets and instruments that can easily be converted into cash. Marketable securities are liquid.
It provides an efficient and effective tool for companies and organisations to manage their money.
These are provided by governments to fund government projects.
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