Which of the Following Would Increase Your Liquid Assets

question 76

Multiple Choice

Which of the following would increase your liquid assets?

• A)Paying off a loan
• B)Making regular deposits to a savings account
• C)Buying rental property
• D)Putting more of your salary in an RRSP

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Definitions:

Average Variable Costs

The variable cost (e.g., labor, raw materials) per unit of output, calculated by dividing total variable costs by the quantity of output produced.

Average Total Costs

The per unit cost of production, calculated by dividing the total cost of production by the number of units produced.

Total-Cost Curve

A graph that depicts the total cost of producing different quantities of a good or service, considering both fixed and variable costs.

Increasing Rate

Describes a situation where a quantity or metric, such as inflation, interest rates, or population, is growing over time.