M1 is the most _____ of all assets because as a medium of exchange, it requires no conversion.
A) illiquid
B) insolvent
C) liquid
D) None of the answers is correct.

Name: M1 is the most _____ of all assets because as a medium of exchange, it requires no conversion. A) illiquid B) insolvent C) liquid D) None of the answers is correct.
Brand: Quizplus
Rating: 4.9 (43 reviews)

Question

Quizplus · Accepted Answer

M1 is considered the most liquid form of money because it includes cash and checking deposits, which can be used directly for transactions without needing conversion.

M1 Is the Most _____ of All Assets Because as a Medium