Which of the following is not considered cash?

Money and coins

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Cheques and money order

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IOUs

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Unrestricted, accessible amounts in foreign banks

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Solution

The correct option is C
IOUs

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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