Question

what is the equivalent to money​

Answer 1

Cash equivalents are the total value of cash on hand that includes items that are similar to cash; cash and cash equivalents must be current assets. ... Having cash and cash equivalents on hand speaks to a company's health, as it reflects the firm's ability to pay its short-term debt.

Answer 2

Answer:

Money equivalents are the total value of money on hand that includes items that are similar to money

Explanation:

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