Advertisement
Advertisement
Fill in the Blanks
Fill in the blank.
Short term highly liquid investments that are readily convertible into known amounts of cash and which are subject to an insignificant risk of changes in value are called __________.
Advertisement
Solution
Short-term highly liquid investments that are readily convertible into known amounts of cash and which are subject to an insignificant risk of changes in value are called cash equivalents.
Concept: Cash and Cash Equivalents
Is there an error in this question or solution?
