Of the Following,which Is Most Likely to Be a Normal

question 164

Multiple Choice

Of the following,which is most likely to be a normal good?

• A) hamburger
• B) automobiles
• C) used clothing
• D) low-rent housing units
• E) macaroni and cheese

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Definitions:

Liabilities

Financial obligations or debts owed by an individual, business, or organization to others.

Highly Liquid Assets

Assets that can be easily and quickly converted into cash without significant loss in value, such as cash itself or treasury bills.

Large Withdrawals

Substantial amounts of money taken out from a bank account or investment, which can significantly impact the financial stability of the institution holding the funds.

Checking Deposits

Deposits held in bank accounts from which funds can be withdrawn without notice using checks, debit cards, or electronic transfers.