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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.


Definitions:

Act of Omission

A legal concept describing a failure to act when there is a duty to do so, which can result in liability.

Mens Rea

A legal principle that refers to the intent or knowledge of wrongdoing that constitutes part of a crime, as opposed to the action or conduct of the accused.

Actus Reus

A term from Latin meaning "guilty act," referring to the physical act of committing a crime, as opposed to the mental intent.

Mens Rea

A legal principle meaning "guilty mind," referring to the intent or knowledge of wrongdoing that constitutes part of a crime.

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