Cash equivalents may include money orders and travelers chec

Cash equivalents may include money orders and traveler\'s checks. O True O False

Solution

Cash-equivalent transactions appear on credit card statements, usually with an accompanying fee that goes above and beyond regular interest charges. They apply to the use of the card to purchase instruments that are used as, or can be changed into, cash. This can include wire transfers, money orders, casino chips, foreign currency, lottery tickets and travelers\' checks, among others, depending on your credit card company.

True, Cash Equivalent may include money orders and traveller checks