Card 49 / 145: A liquid asset is
A)
gold and only gold.
B)
an asset that cannot be used for payments or quickly and without loss of value be converted to an asset that can be used for payments.
C)
an asset that can be used for payments or quickly and without loss of value be converted to an asset that can be used for payments.
D)
a very narrowly accepted means of payment.
Answer:
C) an asset that can be used for payments or quickly and without loss of value be converted to an asset that can be used for payments.
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