Liquidity is
A. The opportunity cost of purchasing a bond.
B. Low for cash.
C. Not important for bondholders.
D. The ability of an asset to be converted to cash.
Answer: D
Economics
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Scarcity can be eliminated through
A) the use of market mechanisms. B) exploration that helps us find new resources. C) wise use of our resources. D) None of the above because scarcity cannot be eliminated.
Economics
Which of the following antebellum institutions acted most like a central bank?
a. The First Bank of the United States b. The Second Bank of the United States c. Banks created by the National Bank Act d. The U.S. Treasury
Economics