An Asset Is Liquid If ________

question 11

Multiple Choice

An asset is liquid if ________.

• A) it offers a positive rate of interest
• B) its value does not change from day to day
• C) it can be easily converted into cash without loss of value
• D) its value is more likely to increase in future

---

Definitions:

First Nation

Indigenous peoples in Canada who are neither Inuit nor Métis, often referred to as bands or tribes in other contexts.

Heavy Drinking

The consumption of alcoholic beverages in quantities that exceed moderate drinking guidelines, potentially leading to health and social problems.

Opiate Family

A group of drugs, derived from the opium poppy, used primarily for pain relief but which can also lead to addiction and abuse.

Methadone

A heroin replacement used to treat heroin addicts, often to reduce the craving after initial withdrawal symptoms have abated. Methadone therapy appears to work best in conjunction with good individual and group psychological intervention programs, as well as ongoing peer support.