An asset that can be converted quickly into cash at a low transaction cost is known as

A. a liquid asset.
B. deposits.
C. credit card
D. None of the above is correct.

Answer: A

Economics

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In the presence of inflation in the U.S., accountants incorrectly measure firms' earnings but the tax code correctly measures real incomes

a. True b. False Indicate whether the statement is true or false

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The location of the product supply curve depends on the:

A. production technology. B. number of buyers in the market. C. tastes of buyers. D. location of the demand curve.

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