Liquidity is the
A) ability to use either your credit card or your debit card at retail point of sale and money kiosks.
B) ability to use your debit card at retail point- of- sale and money kiosks.
C) degree to which an asset substitutes for money.
D) ease of converting a means of payment into money with little or no loss of value.

Question

Quizplus · Accepted Answer

Liquidity is the ease of converting a means of payment into money with little or no loss of value. The other options describe payment methods and types of transactions that can be made, but do not relate to the concept of liquidity.

Liquidity Is the