Someone who is risk-averse is:
A) willing to expend whatever resources necessary to gain an uncertain amount of money.
B) willing to spend more resources to avoid losing a given sum of money than to gain the same sum of money.
C) irrational in the need to hold all assets in liquid form.
D) one who does not believe in financial risk.
Correct Answer:
Verified
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Q382: A liquid asset:
A)can be easily converted to
Q383: Crowding out results in a(n):
A)decrease in private
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Q389: In the loanable funds market, borrowers:
A)are best
Q390: A checking account with $500 is:
A)more liquid
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