18-70 Which of the Following Is Considered to Be the Most

question 125

Multiple Choice

18-70 Which of the following is considered to be the most liquid asset?

• A)T-notes.
• B)T-bills.
• C)Cash.
• D)T-bonds.
• E)Wholesale CDs.

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Definitions:

Long Run

A period of time in which all factors of production and costs are variable, allowing all inputs to be adjusted.

Alternative Goods

Products or services that can be used in place of each other, satisfying the same customer need or want.

Society Forgoes

The opportunity costs that society incurs when choosing to allocate resources to one project or purpose over another, leading to the loss of potential benefits from other uses.