Which of the Following Is a Measure of How Quickly

question 70

Multiple Choice

Which of the following is a measure of how quickly an item can be converted to cash?

• A)debt ratio
• B)current ratio
• C)liquidity
• D)accounting cycle

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Definitions:

Nonprice Rationing

The allocation of goods among buyers using criteria other than the price, often seen in situations of shortage like during wartime or in the case of rationed healthcare.

World Price

The international market price for a given good, influenced by global supply and demand factors.

Imported Oil

Crude or refined petroleum products sourced from foreign countries.

Surplus

The situation in which the quantity of a good or service supplied exceeds the quantity demanded at the current price.