Which of the following is not an example of cash and cash equivalents?Group of answer choicesInvestments with less than 3 months to maturity.Money market deposit with 5 months to maturity.Bank overdraft.Cash on hand, i.e. notes and coins.

The correct answer is: Bank overdraft.

Here's a step-by-step explanation:

1. Cash and cash equivalents are the most liquid current assets found on a business's balance sheet. They are assets that are either cash or can be converted into cash immediately.

2. Examples of cash and cash equivalents include physical cash (notes and coins), money in checking or savings accounts, and short-term investments that can be quickly converted into cash with minimal risk of changes in value.

3. Investments with less than 3 months to maturity are considered cash equivalents because they can be quickly converted into cash with little risk of change in value.

4. A money market deposit with 5 months to maturity can also be considered a cash equivalent because it can be quickly converted into cash with little risk of change in value.

5. However, a bank overdraft is not considered a cash equivalent. An overdraft occurs when money is withdrawn from a bank account and the available balance goes below zero. In this situation, the account is said to be "overdrawn". This is a liability, not an asset, and therefore cannot be considered cash or a cash equivalent.

6. Therefore, the statement that "Bank overdraft" is not an example of cash and cash equivalents is correct.