A highly liquid asset
A) generally has a very limited market for its resale.
B) has high transaction costs associated with its sale.
C) must be held for a substantial period of time.
D) can be disposed of easily without loss of value.
D
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A country with a fixed exchange rate faces:
a. no monetary policy constraints in the long run. b. no monetary policy constraints in the short run. c. no monetary policy constraints in the long run and the short run. d. monetary policy constraints in the long run and the short run
Which of the following best illustrates the double coincidence of wants? a. Both Tom and Jerry would like to purchase the same good
b. Tom has something he's willing to trade with Jerry; Jerry has something he's not willing to trade with Tom. c. Tom and Jerry have very similar tastes; hence, Tom's wants coincide with Jerry's. d. Tom has something he's willing to trade with Jerry, who wants it; Jerry has something he's willing to trade with Tom, who wants it. e. Tom has something Jerry wants; Jerry has nothing Tom wants.