Examlex
Which of the following is not an instrument of fiscal policy?
Income Statement
A financial statement that shows a company's revenues and expenses, leading to the net profit or loss over a specific period.
Acid-test Ratio
A stringent indicator that determines whether a firm has enough short-term assets to cover its immediate liabilities without selling inventory.
Current Ratio
A financial ratio indicating a firm's capacity to settle short-term debts due within a year, determined by dividing its current assets by its current liabilities.
Marketable Securities
Financial instruments and assets that are easily liquidable and can be converted into cash quickly at a reasonable price.
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