When an asset is described as being highly liquid, which one of the following characterisitcs does it possess?

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When an asset is described as being highly liquid, which one of the following characterisitcs does it possess?

A. The face value of the asset is somewhat less than its value when converted into currency.
B. It is easily and readily converted into money without any loss in purchasing power.
C. The asset holds its value over time.
D. It earns a high rate of interest, so its purchasing power is maintained when prices rise.

2006-12-16 18:16:34 · 3 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance

3 answers

The answer is B

2006-12-16 18:18:05 · answer #1 · answered by Russell C 2 · 0⤊ 0⤋

B. is your (or your friend) paper going on?

2006-12-17 02:21:55 · answer #2 · answered by Anonymous · 0⤊ 0⤋

B, fool.

2006-12-17 02:19:53 · answer #3 · answered by severedhead15 3 · 0⤊ 1⤋