Money Market Instruments

Question 1

It is a resource controlled by the entity as a result of past events and from which future economic benefits are expected to flow to the entity.

Answer 1

Asset

Question 2

These are assets with physical properties and can be easily seen, touched, or perceived by the five senses.

Answer 2

Tangible Assets

Question 3

These are identifiable assets that do not have physical substance and usually represent a legal claim to some future economic benefit.

Answer 3

Intangible assets

Question 4

These are the main vehicles used for the transactions in the financial markets.

Answer 4

Financial Instruments

Question 5

What do you call instruments maturing within 90 days or less?

Answer 5

Cash Equivalents

Question 6

What do you call instruments that are maturing more than 90 days?

Answer 6

Investments