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:

Debt Verification

The process of validating the accuracy and legality of a claimed debt, often initiated by the debtor seeking proof from the creditor.

Good Credit Rating

An evaluation made by credit bureaus that suggests a borrower has a high likelihood of repaying borrowed money on time.

Fair Debt Collection Practices Act

A U.S. federal law designed to eliminate abusive, deceptive, and unfair debt collection practices by debt collectors.

Standard Credit Company

A hypothetical or generic name for a company that provides credit services, evaluating creditworthiness and offering loans or credit to individuals and businesses.