If Your Liquid Assets Equal $15,000 and Your Current Debts

question 98

Multiple Choice

If your liquid assets equal $15,000 and your current debts equal $50,000, your liquidity ratio is:

• A) 30%.
• B) 70%.
• C) 143%.
• D) 233%.
• E) 333%.

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Definitions:

Perfectly Inelastic

A situation in demand where the quantity demanded does not change in response to changes in price.

Quantity Supplied

Quantity supplied is the amount of a good or service that producers are willing and able to sell at a certain price over a given period.

Price

The cost of buying a good or service, influenced by different elements like supply and demand dynamics.

Rises

An increase, typically referring to prices, quantities, or levels in an economic context.