Of the Items in the Following Lists, Which Go from Most

question 342

Multiple Choice

Of the items in the following lists, which go from most liquid to least liquid?

• A)a checking account, a house, a six-month certificate of deposit, shares of stock
• B)a six-month certificate of deposit, shares of stock, a house, a checking account
• C)a checking account, a certificate of deposit, shares of stock, a house
• D) a house, a six-month certificate of deposit, shares of stock, a checking account

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Definitions:

Efficient

Achieving maximum productivity with minimum wasted effort or expense.

Production Possibility Frontier

A graphical representation showing the maximum combination of goods and services that can be produced using all available resources efficiently.

Full Employment

A situation where all available labor resources are being used in the most economically efficient way.

Efficient

Optimal productivity with minimal waste of resources, achieving the best possible outcome with the inputs available.