What does it mean to say that an asset is "liquid"?
What will be an ideal response?
An asset is liquid when it can be converted into a means of payment, quickly without suffering a loss in value.
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The Federal Reserve System is divided into
A. 7 districts. B. 5 districts. C. 15 districts. D. 12 districts.
If the demand for a monopolist's product increases, its
A) marginal revenue increases, making it more profitable to hire more workers. B) marginal revenue increases, making it more profitable to hire fewer workers. C) marginal revenue decreases, making it more profitable to hire more workers. D) marginal revenue decreases, making it more profitable to hire fewer workers.
All of the following are cited as factors in explaining U.S. competitiveness EXCEPT
A) the open U.S. financial system. B) economic restructuring. C) investments in information technology. D) the decline of entrepreneurship.
When government debt is financed internally, future generations will
a. inherit a higher tax liability without additional interest income. b. inherit neither higher taxes nor additional interest income. c. inherit both higher taxes and additional interest income. d. receive lower interest income and a lower tax liability.