Liquidity is the
A) speed with which the price of an asset changes as its intrinsic value changes.
B) inverse of the velocity of money.
C) same as the velocity of money.
D) ease with which an asset can be converted into money.
D
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Compare and contrast production efficiency and allocative efficiency
What will be an ideal response?
If a tax is imposed on a product, the buyer will always bear the entire burden of the tax
Indicate whether the statement is true or false
Some international negotiations have been characterized as pitting rich nations against poor ones, yet often the countries we call developing are not all on the same side of an issue
What are some differences among developing countries that may account for this lack of harmony?
Which of the following best defines foreign exchange?
a. a trade between two countries b. the market where exporting and importing activities take place c. the price of a currency relative to another currency d. the currency of another country used for trading e. the dollars that the United States uses to buy goods from other countries