Which of the Following Is the Most Liquid

question 283

Multiple Choice

Which of the following is the most liquid?

• A) the U.S. dollars that your professor used this morning to buy breakfast
• B) your credit card
• C) gold
• D) the pencil or pen in your hand right now

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Definitions:

Spendthrifts

are individuals who spend money imprudently and extravagantly, often depleting their financial resources.

Wealth

The abundance of valuable financial assets or physical possessions which can include money, properties, and natural resources.

Wages

Payments received by employees for their labor or services, typically calculated on an hourly, daily, or weekly basis.

Salaries

Compensation received by employees for their labor or services, typically on an annual, monthly, or hourly basis.