Why are money market securities sometimes referred to as cash equivalents?

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Why are money market securities sometimes referred to as “cash equivalents”?

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Investments

ISBN: 9780073530703

9th Edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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Question Posted: Jan 04, 2013 08:08 AM

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Why are money market securities sometimes referred to as cash equivalents?

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Money market securities are sometimes referred to as cash equivalents due to its ...View the full answer

Investments

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