The ease of converting into the medium of exchange from an asset.

Question

To say an asset is liquid implies that: a. We are only considering U.S. currency b. We are considering any asset that can be sold c. We are focusing on a category of assets that are in a physically liquid form, like oil d. We are considering assets that may be readily converted into a means of payment

Answer 1

Question

Chapter 14, Problem 5SQ

To determine

The ease of converting into the medium of exchange from an asset.

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To say an asset is liquid implies that: a. We are only considering U.S. currency b. We are considering any asset that can be sold c. We are focusing on a category of assets that are in a physically liquid form, like oil d. We are considering assets that may be readily converted into a means of payment

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To say an asset is liquid implies that: Answer a. We are only considering U.S. currency b. We are considering any asset that can be sold c. We are focusing on a category of assets that are in a physically liquid form, like oil d. We are considering assets that may be readily converted into a means of payment