Which of the Following Assets Would Most Likely Be Considered

question 228

Multiple Choice

Which of the following assets would most likely be considered the least liquid?

• A) A share of common stock in Nortel.
• B) A bond issued by Corel.
• C) A share of preferred stock in GM of Canada.
• D) A Lethbridge, Alberta municipal bond.
• E) A Canadian Treasury bill.

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Definitions:

Medicare

A federal health insurance program in the United States primarily for people who are 65 or older, but also for some younger people with disabilities.

Health Insurance

A form of insurance coverage that pays for medical and surgical expenses incurred by the insured, or reimburses the insured for expenses incurred from illness or injury.

Craft Kits

Prepackaged sets containing materials and instructions for creating handcrafted items.

Assembles

The act of gathering or putting together items from individual pieces.