Cash equivalents meet all of the following criteria except: a. More liquid than cash.
b. Readily convertible to a known cash amount.
c. Have a market value that is not sensitive to interest rate changes.
d. Short-term U. S. treasury bills.
e. Short-term investments purchased within 3 months of their maturity dates.

a. More liquid than cash.

Explanation:

Cash equivalents can be defined as the total amount of cash at hand reported on a company's balance sheet and short-term financial securities having its maturity period typically around 90 days or even less.

Generally, it comprises of certificate of deposits, securities, bank accounts etc.

Hence, cash equivalents meet all of the following criteria:

1. Readily convertible to a known cash amount.

2. Have a market value that is not sensitive to interest rate changes.

3. Short-term U.S. treasury bills.

4. Short-term investments purchased within 3 months of their maturity dates.

answer; risk transference;