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Savings accounts are___________ but are not__________.
- Anegotiable; liquid
- Bmarketable; liquid
- Cliquid; personal
- Dliquid; marketable
Correct answer: D
Discussion 1
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CCommunity
liquid; marketable
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.
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.