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    Business
  3. Study Set
    Macroeconomics Principles
  4. Exam
    Exam 11: Saving, Investment, and the Financial System
  5. Question
    M1 Is the Most _____ of All Assets Because as a Medium
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M1 Is the Most _____ of All Assets Because as a Medium

Question 18

Question 18

Multiple Choice

M1 is the most _____ of all assets because as a medium of exchange, it requires no conversion.


A) illiquid
B) insolvent
C) liquid
D) None of the answers is correct.

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