Since It Does Not Have to Be Converted into Anything

question 67

Multiple Choice

Since it does not have to be converted into anything else to make purchases,________ is the most liquid asset.

• A)money
• B)stock
• C)artwork
• D)gold

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Definitions:

Sugar Act

A British law enacted in 1764 aiming to raise revenue from the American colonies by imposing a tax on sugar and other imports, contributing to colonial dissatisfaction and the American Revolution.

Legislation

Laws or legal enactments made or enacted by a governing body or legislature.

1764

A year marked by significant events including the British Parliament's passage of the Sugar Act, which was a revenue-raising effort that contributed to the American Revolutionary War.

Printing

The process of producing text and images, typically with ink on paper, using a press machine or similar technology.