If an Asset Can Be Disposed of Without Much Risk

question 401

Multiple Choice

If an asset can be disposed of without much risk of losing its nominal value, it is said to be

• A) fiduciary.
• B) liquid.
• C) worthless.
• D) valuable.

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Definitions:

Food Stamps

is a government assistance program that provides low-income individuals and families with funds to purchase groceries, formally known as the Supplemental Nutrition Assistance Program (SNAP).

Lorenz Curve

A graphical representation used to illustrate the distribution of income or wealth within a population, indicating inequality.

Equally Distributed

A situation or condition in which resources, wealth, or opportunities are shared evenly amongst all participants or members of a group.

Program

A set of planned activities or instructions designed to achieve a specific outcome, which can be implemented through software in computing or policy in government and organizations.