When an Asset Is Described as Being Highly Liquid, Which

question 394

Multiple Choice

When an asset is described as being highly liquid, which one of the following characteristics does it possess?

• A) It earns a high rate of interest, so its purchasing power is maintained when prices rise.
• B) It is easily and readily converted into money without any loss in purchasing power.
• C) The face value of the asset is somewhat less than its value when converted into currency.
• D) The asset holds its value over time.

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Definitions:

Eukarya

The domain that includes all eukaryotes: protists, fungi, plants, and animals.

Membrane-Enclosed Organelles

Cellular structures in eukaryotic cells that are surrounded by a lipid bilayer membrane, each with specific functions, such as the nucleus and mitochondria.

Nuclei

The plural of nucleus, referring to the membrane-bound organelles found in eukaryotic cells that contain most of the cell's genetic material.

Family Level

A classification rank in biological taxonomy that groups together related genera, a level above genus and below order.