An asset is liquid if it
A) is of intrinsic value.
B) can be exchanged for other goods and services.
C) is a store of value.
D) can be obtained or disposed of without losing much of its nominal value.
D
Economics
You might also like to view...
Refer to Figure 19-8. The equilibrium exchange rate is originally at A, $1.25/euro. Suppose the European Central Bank pegs its currency at $1.00/euro
Speculators expect that the value of the euro will rise and this shifts the demand curve for euro to D2. If the European Central Bank abandons the peg, the equilibrium exchange rate would be A) $1.00/euro. B) $1.25/euro. C) $1.50/euro. D) $1.75/euro.
Economics
If the firm were a perfect competitor in the long run, how much would its price be?
Economics