An asset that can be quickly turned into the medium of exchange without taking a loss is said to be very

Name: An asset that can be quickly turned into the medium of exchange without taking a loss is said to be very
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Question

Quizplus · Accepted Answer

The term "liquidity" refers to the ease with which an asset can be converted into cash or used as a medium of exchange. Therefore, an asset that can be quickly turned into the medium of exchange without taking a loss is said to be very liquid.

An Asset That Can Be Quickly Turned into the Medium