The most liquid asset is
A. gold.
B. a vehicle.
C. stocks of a highly profitable company.
D. money.
Answer: D
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The household saving rate as measured by the Flow of Funds Accounts does NOT include
A) capital gains on stocks, bonds, houses, and other assets. B) net investment in consumer durables. C) household accumulations in government pensions. D) All of the above.
Matt has $2000 saved for a trip at Spring Break. Over Christmas break he decides to spend $400 of it on gifts instead of putting the gifts on his credit card, thus avoiding interest charges. He gradually replaces it in his savings account over the next two months. An economist would say this behavior is:
A. rational. B. irrational. C. utility minimizing. D. not observable.
The deregulation of the banking industry, unintentionally, but eventually
a. created a boom for savings and loans that lasted a full decade b. had no dramatic effect on savings and loans but upset the stability of the banking system for well over a decade c. caused many savings and loans to go bankrupt within a few years d. caused many savings and loans to merge with other banks, which resulted in a surge in interest rates e. had no effect on the interest rates that savings and loans charged but it did affect the extent of loans, which more than doubled in a few years
Refer to the table at right. If the price of the product is $1.50, and the marginal factor cost of an additional unit of an input is $135, how many units of labor should be hired?
A. 14 B. 11 C. 12 D. 13