Ask Question
16 December, 19:23

Given the list of assets below, which is the most liquid? $500 worth of General Motors common stock A $500 travelers check A one-ounce gold coin $500 worth of General Motors bonds

+3
Answers (1)
  1. 16 December, 19:43
    0
    A $500 travelers check

    Explanation:

    A $500 travelers check is the most liquid asset because it can be directly exchanged for currency. In fact, travelers checks are so liquid that they are included in the money aggregate M1, the money supply measure that is the most liquid.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Given the list of assets below, which is the most liquid? $500 worth of General Motors common stock A $500 travelers check A one-ounce gold ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers