Assets that can be easily converted into money without significant loss of value are
A. liabilities.
B. transactions balances.
C. near monies.
D. currencies.
Answer: C
You might also like to view...
How are efficiency and inefficiency represented on a production possibilities frontier?
What will be an ideal response?
A price surprise is equal to the expected price level minus the actual price level.
Answer the following statement true (T) or false (F)
Price ceilings are intended to address the problem of
A. Business bankruptcies. B. Inefficiency in production. C. Inequity in the distribution of goods and services. D. Shortages.
In a market system, how are the price signals established?
A) Consumer advocacy groups establish fair prices for items, and most firms follow these pricing guidelines because they don't want to anger their consumers. B) Industry associations establish an acceptable price range for each commodity sold within the industry, and member firms are obligated to abide by association guidelines. C) The forces underlying supply and demand interact to determine a market clearing price. D) Federal legislation establishes maximum prices for most goods, and state governments regulate the prices of any remaining items.