Answer:
Cash Equivalents
Step-by-step explanation:
Highly liquid short-term investments that can be immediately converted into cash are commonly referred to as cash equivalents. Cash equivalents are low-risk, highly liquid assets that typically have a maturity period of three months or less from the date of purchase. These investments are easily convertible into a known amount of cash and are considered to have a minimal risk of changes in value. Examples of cash equivalents include Treasury bills, commercial paper, money market funds, and short-term government bonds