A Financial Asset Is Liquid

question 89

Multiple Choice

A financial asset is liquid:

• A)if it can be carried easily from one place to another.
• B)if it can be readily exchanged for another asset or good.
• C)only if it takes the form of cash.
• D)if it is held by the public and earning interest.

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Definitions:

Extraversion

A personality trait characterized by outgoingness, high energy, and positive emotions towards social interaction.

Lewis Terman

An American psychologist best known for his work in intelligence testing and for initiating the longitudinal study of gifted children.

Longitudinal Study

A research method in which data is collected from the same subjects repeatedly over a period of time, often many years.

Optimistic Explanatory Style

Refers to a manner of explaining life events in a positive light, attributing good outcomes to personal abilities and bad outcomes to external factors.