Liquidity refers to the
A. rapidity with which money flows through the economy.
B. ease with which an asset can be converted into cash.
C. ease with which banks move funds from checking to savings accounts.
D. All of these responses are correct.
Answer: B
Economics
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If a straight line passes through the point x = 24 and y = 8 and also through the point x = 8 and y = 16, the slope of this line is
A) seven-tenths. B) negative one-half. C) one and one-half. D) negative 8 divided by 4.
Economics
Currencies of different countries are traded in the so-called
A) money market. B) foreign exchange market. C) capital account. D) current account.
Economics