Cash and cash equivalents refer to the most liquid assets that can be readily converted into cash. These assets include physical currency, coins, money market securities, and other short-term investments that are highly liquid and easily convertible into cash.
Equities, also known as stocks, are a type of security that represents ownership in a corporation. When a corporation issues stocks, it is essentially selling a portion of the company to investors, who then become shareholders and have the right to vote on important decisions and receive a portion of the company’s profits in the…
