Which of the following is the least liquid asset?
a. checkable deposits.
b. savings-type deposits.
c. traveler's checks.
d. demand deposits.
e. cash.
B
You might also like to view...
The key assumption of the Romer model that allows an explanation of sustained growth in output per person is ________
A) technology is nonrivalrous B) the total amount of labor is fixed C) some labor is devoted to producing new technology D) the saving rate is fixed
Which of the following carries out the distribution process by rationing goods on the basis of preferences and relative incomes?
a. Administered system b. Government c. Price system d. Central planning
What does it mean for the Fed to be the "lender of last resort?"
Contractionary monetary policy causes
A) aggregate demand to rise and the price level to rise. B) aggregate demand to fall and the price level to fall. C) aggregate demand to rise and the price level to fall. D) aggregate demand to fall and the price level to rise.