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:

Pay Today

The requirement or action of making a payment at the current date, commonly used in the context of purchasing or settling debts.

Cloture

A legislative procedure used to end a filibuster in the Senate, requiring a supermajority vote to close debate on a bill or nomination and proceed to a vote.

Filibuster

A parliamentary procedure where debate over a proposed piece of legislation is extended, allowing one or more members to delay or entirely prevent a vote on the proposal.

Rules Committee

A committee in the U.S. House of Representatives responsible for determining under what rule other bills will come to the floor.