Which of the following would be considered the least liquid asset?
A) shares of stock B) travelers checks C) currency D) checkable deposits
A
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According to opportunity-cost theory, people will find themselves increasingly "short of time" when
A) their demand curves become less elastic. B) their demand curves become more elastic. C) their income declines. D) they become wealthier. E) they lose valuable opportunities.
If Ripco owns the building where it operates, then if
a. the firm pays no rent, there is no opportunity cost b. the firm does not rent the building to anyone else, there is no opportunity cost c. the firm pays no rent, there is an opportunity cost d. its usage of the building precludes it from renting to anyone else, there is an opportunity cost e. the firm could use the building for other things, there is no opportunity cost