Treasury Bills: Cash Equivalent or Marketable Security?
Final semester college student here studying for the CFA L1. Was going through the FSA curriculum and noticed that T-Bills are placed under both Cash Equivalents and Marketable Securities. As assests with a validity of over 90 days are considered under marketable securities, I was not able to understand the reasoning behind T-Bills being under cash equivalents as after a quick search on the internet i found that it's the CMBs that are under 90 days and T-Bills are generally issued for over 90 days. Can someone please clear my doubt regarding the same?
Pariatur et et nulla ea nihil reiciendis ipsum. Harum voluptatem quidem cum. Dolorum dolorem ut repudiandae non et ea.
Placeat vero corporis doloremque maiores ut. Officia voluptates rerum qui saepe deleniti. Autem placeat sit ipsum animi mollitia ea. Aut qui illum possimus ut ducimus sit sit. Consequatur quia facere eum dolorem voluptatem et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...