State true or false with reasons.The short-term deposits are considere

1.	State true or false with reasons.The short-term deposits are considered as cash equivalent.
Answer» This statement is True. The short-term deposits are liquid assets. It means deposits are kept for some period (usually less than one year) and they are kept with an intention to get money quickly as and when required. They are as good as cash and considered as cash equivalent.

State true or false with reasons.The short-term deposits are considered as cash equivalent.

Answer»

This statement is True.

The short-term deposits are liquid assets. It means deposits are kept for some period (usually less than one year) and they are kept with an intention to get money quickly as and when required. They are as good as cash and considered as cash equivalent.

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State true or false with reasons.The short-term deposits are considered as cash equivalent.

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