Because of Their ________ Liquidity,________ U

question 34

Multiple Choice

Because of their ________ liquidity,________ U.S. government securities are called secondary reserves.

• A)low;short-term
• B)low;long-term
• C)high;short-term
• D)high;long-term

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Definitions:

Binding

Having the effect of a legal obligation that must be adhered to; able to enforce a legal obligation.

Postbox Rule

A legal principle that specifies the exact moment a contract is considered accepted, which is when an acceptance is communicated, even if it has not yet been received by the offeror.

Click-Wrap

A type of agreement where acceptance of terms or conditions is done by clicking on an "I agree" button on a webpage.

Online Communications

Involves the exchange of messages, information, or documents through the internet or electronic devices.