Which is not an example of a liquid asset?
a. cash
b. travelers' checks
c. a certificate of deposit
d. a checking account
Ans: c. a certificate of deposit
You might also like to view...
What are four inefficiencies of a barter system?
What will be an ideal response?
If the government offers to reduce your property taxes by 10 percent if you install solar heating for your home, this would be an example of
A) police power. B) incentives. C) disincentives. D) ceteris paribus.
If the opportunity cost of a television set equals 20 cameras in China, but 10 cameras in Japan, then we know
a. all of the following b. that China has a comparative advantage in producing cameras c. that Japan has a comparative advantage in producing TV sets d. that Japan may well have an absolute disadvantage in producing both goods e. that market exchange of 1 TV set for 15 cameras would produce not only mutually beneficial trade, but would also split the gains from trade equally between the two countries
Age is a determinant of income because
A) with age typically come experience, education, and training that can increase income. B) age contributes to costs as medical expenses increase. C) older workers have accumulated more wealth. D) older workers have accumulated less wealth.