Examlex
What are the characteristics of intermittent operations?
Medium Of Exchange
An intermediary instrument or system used to facilitate the sale, purchase, or trade of goods between parties.
M2
A measure of the money supply that includes cash, checking deposits, and easily convertible near money like savings deposits and money market securities.
M1
A category of the money supply that includes all physical money such as coins and currency, as well as demand deposits, and other liquid assets easily convertible to cash.
Less Liquid
Describes assets that cannot be easily converted to cash without significant loss in value, relative to more liquid assets.
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