Of the Items in the Following Lists, Which Go from Most

question 65

Multiple Choice

Of the items in the following lists, which go from most liquid to least liquid?

• A) a checking account, a new vehicle, a six-month certificate of deposit, shares of stock
• B) a six-month certificate of deposit, shares of stock, a new vehicle, a checking account
• C) a checking account, a certificate of deposit, shares of stock, a new vehicle
• D) a new vehicle, a six-month certificate of deposit, shares of stock, a checking account

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Definitions:

Fixed Cost

A fixed cost is an expense that does not change with the level of production or sales, such as rent, salaries, and insurance.

Board Game

A tabletop game that involves counters or pieces moved or placed on a pre-marked surface or "board," according to a set of rules.

Break-Even Default Percent

A financial metric indicating the percentage of default at which an investment breaks even, factoring in recovery rates and the probability of default.

Variable Cost

A cost that changes in proportion to the level of output or activity in a business.