Liquidity of an asset refers to:
a. its level of risk.
b. whether it is held domestically or overseas.
c. the ease with which it can be sold.
d. its volatility.
Ans: c. the ease with which it can be sold.
Economics
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Suppose 60% of U.S. trade is with England and the rest is with Japan. If the dollar rises by 20% against the pound but falls by 20% against the yen, what is the percentage change in the effective exchange rate of the United States?
a. -12% b. -4% c. ±0% d. -8%
Economics
The consumer price index (CPI) was 180 for 2009 when using 1995 as the base year (1995 = 100). Now suppose we switch and use 2009 as the base year (2009 = 100). What is the CPI for 1995 with the new base year?
A) 18.0 B) 55.6 C) 80.0 D) 111.2
Economics