The Distinction Between M₁ and M2 Is Based on

question 199

Multiple Choice

The distinction between M₁ and M2 is based on

• A) portability-the ease with which an asset can be moved.
• B) divisibility-the ease with which an asset can be used to make smaller payments.
• C) liquidity-the ease with which an asset can be converted into cash.
• D) storability-how long an asset will retain its value.

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Definitions:

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Inflammation of the appendix, a small appendage of the colon, which can cause severe abdominal pain and requires urgent surgical removal.

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