A corporate bond is not as liquid as cash because the bond
A) cannot be converted to spendable dollars either until it matures or is sold to another investor.
B) can be exchanged only for the goods or services produced by the company that issued the bond.
C) must be exchanged for a stock certificate before it can be converted to spendable funds.
D) represents an exchange for gold only.
Correct Answer:
Verified
Q84: The reason we are willing to accept
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A)gold.
B)a house.
C)money.
D)stocks of
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Q93: Liquidity refers to
A) the ease with which
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Q94: If an asset can be obtained or
Q96: When an asset is described as being
Q99: An individual who desires the most liquid
Q100: A highly liquid asset
A) has high transaction
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