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06-03-2024
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For an investment to qualify as a cash equivalent, it must be readily convertible to a known amount of cash and which of the following is correct?
a) It must have a maturity period of over 90 days
b) It must have a maturity period of over 6 months
c) It must have a maturity period of less than 3 months
d) It must have a maturity period of over 1 year

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