________ is the relative ease and speed with which an asset can be converted into a medium of exchange.
A)Efficiency
B)Liquidity
C)Deflation
D)Specialization

Question

Quizplus · Accepted Answer

Liquidity refers to the ease of converting an asset into cash or a medium of exchange. A highly liquid asset can be easily sold or traded without causing significant price fluctuations, while an illiquid asset may require more time and effort to sell or trade and may result in price volatility.

________ Is the Relative Ease and Speed with Which an Asset