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Cash equivalents meet all of the following criteria except: Are readily convertible to a known cash amount. Include short-term investments purchased within 3 months of

Cash equivalents meet all of the following criteria except:

Are readily convertible to a known cash amount.

Include short-term investments purchased within 3 months of their maturity dates.

Have a market value that is not sensitive to interest rate changes.

Include short-term U.S. treasury bills.

Are more liquid than cash.

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