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The cash held by a business as well as the liquid short-term investments that can quickly...

The cash held by a business as well as the liquid short-term investments that can quickly converted into cash within a short period of time are called

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Answer #1

It is called Quick Asset.

Cash or Liquid Short term investments constitute liquid assets or quick assets, which can be easily covertible into cash in short duration without significant loss of its value. Company keep some some amount of cash & cash equivalents to meet its immediate operating, investing or financing needs. In case any immediate debt arrises, the company should be able to meet its debt through available cash & cash equivalents & short term investments which are for a period of year or less.

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