Q30
Savings accounts are___________ but are not__________.
A.
negotiable; liquid
B.
marketable; liquid
C.
liquid; personal
D.
liquid; marketable
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Savings accounts are liquid but are not marketable. Marketable securities and money market holdings are considered cash equivalents because they are liquid and not subject to material fluctuations in value.