Question：Which of the following options would NOT meet the definition of cash or cash equivalents under IAS 7?
　　A. Shares held in a two day investment.
　　B. Government bonds within one week of maturity.
　　C. Foreign notes and coins held.
　　D. An on-demand cash deposit in another currency.
　　The correct answer is: Shares held in a two day investment.
　　Government bonds within one week of maturity are almost entirely insensitive to interest rate changes, so do not change in value.
　　Shares even held for two days can still change in value significantly, so do not meet the definition of a cash equivalent.
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