Liquidity refers to how:
A. easy an asset is to convert immediately to cash without losing value.
B. quickly the same dollar changes hands in the economy.
C. quickly the average household spends its disposable income.
D. easy money converts to assets in an economy.
A. easy an asset is to convert immediately to cash without losing value.
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A change in supply cannot be caused by a change in:
a. resource prices. b. technology. c. prices of other goods. d. the price of the good itself. e. the number of suppliers.
Many rural bank failures in the 1980s can be attributed to
a. the high farm prices of the 1970s that continued to rise in the 1980s and 1990s b. farmers' reluctance to buy more machinery and expand production due to the high farm prices of the 1970s c. the collapse of farm prices and land values in the early 1980s d. numerous loans made to oil-export economies such as Mexico and Venezuela e. the lack of rural loan portfolios being involved in farm ventures