________ refers to funds available for immediate payment.
A) Physical capital
B) Liquidity
C) Term deposit
D) Fiat money

Question

Quizplus · Accepted Answer

Liquidity refers to funds that can be easily converted to cash without loss of value, which are available for immediate payment. Physical capital refers to tangible assets like buildings and equipment, term deposit refers to a type of savings account with a fixed duration, and fiat money refers to currency that has no intrinsic value and is not backed by a physical commodity.

________ Refers to Funds Available for Immediate Payment