A Liquid Asset

question 324

Multiple Choice

A liquid asset:

• A)can be easily converted to a loan.
• B)can be easily converted to cash with little or no loss of value.
• C)are the only assets which financial markets work with.
• D)carries no financial risk.

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Definitions:

Functionalism

A sociological perspective that views society as a complex system whose parts work together to promote solidarity and stability.

Unionized

Refers to workers who are members of a union, which represents their interests regarding wages, working conditions, and benefits.

Post-industrialization

A phase in economic development where a society transitions from a manufacturing-based economy to one focused on services and technology.

Global Consumerism

The global trend towards increasingly consumer-oriented societies, where purchasing and consumption of goods and services are central cultural values and indicators of economic success.