Consider the relative liquidity of the following assets: Assets 1. A $5 bill 2. The funds in
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Question:
Consider the relative liquidity of the following assets:
Assets
1. | A $5 bill |
2. | The funds in a savings account |
3. | A boat you own |
4. | A bond issued by a publicly traded company |
Select the assets in order of their liquidity, from most liquidto least liquid.
Asset | |
---|---|
Most Liquid | Boat $5.00 bill Funds in a savings account Bond |
Second-Most Liquid | Funds in a savings account Boat $5.00 bill Bond |
Third-Most Liquid | Bond Boat $5.00 bill Funds in a savings account |
Least Liquid | Funds in a savings account $5.00 bill Bond Boat |
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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