Which of the Following Is Least Liquid

question 10

Multiple Choice

Which of the following is least liquid?

• A) Foreign currency
• B) U.S. Treasury bonds
• C) Rare coins
• D) Savings deposit

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Definitions:

Resale Price Maintenance

Resale price maintenance is a practice in which manufacturers dictate the minimum prices retailers may charge for their products to keep prices at a certain level.

Economic Purposes

The rationale or objectives behind individual or collective economic activities, usually aimed at satisfying needs, accumulating wealth, or improving standards of living.

Prisoners' Dilemma

A scenario in game theory where individuals making rational choices may end up in a worse state due to an inability to cooperate.

Penalty

A punishment imposed for violating a law, rule, or contract.