A financial asset is liquid:
A) if it can be carried easily from one place to another.
B) if it can be readily exchanged for another asset or good.
C) only if it takes the form of cash.
D) if it is held by the public and earning interest.
Correct Answer:
Verified
Q12: Cash is an example of a liquid
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Q20: The Fed is the only formal and
Q21: Money facilitates trade because it:
A)does not require
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