Which of the following is not considered cash?

(A) Money and coins

(B) Cheques and money orders

(C) IOUs

(D) Unrestricted, accessible amounts in foreign banks

Answer (C): IOUs

Explanation: An IOU is normally a casual document recognizing the obligation. An IOU varies from a promissory note in that an IOU is definitely not a negotiable instrument and doesn’t determine reimbursement terms like the period of reimbursement. IOUs typically indicate the debt holder, the sum owed, and sometimes the leaser.

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