The liquidity of money refers to
A) the amount of gold it is backed by.
B) how quickly it can be disposed of without high transaction costs.
C) asymmetric information.
D) the standard of deferred payments and how quickly those payments can be made.
B
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The goal of antitrust acts is to
A. protect consumers. B. protect firms. C. limit profits of companies. D. reduce competition.
Refer to Table 2.3. What can be observed about the given resources?
A) Capital is fixed. B) Capital is variable. C) Capital and labor are both fixed. D) Labor is fixed.
International financial transactions are most likely to affect the U.S. monetary base when
A) the United States is in recession. B) the United States is experiencing a severe inflation. C) the Fed tries to influence the foreign-exchange value of the dollar. D) interest rates in the United States are highly variable.
If the economy's real GDP declines for at least one-half year, it's in a
a. depression b. recession c. downturn d. recovery e. limited prosperity