A liquid asset is Candice Butts Macro economics Quest Flash Card

Question 48 / 142: 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.

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