Multiple Choice
The distinction between M1 and M2 is based on
A) portability-the ease with which an asset can be moved.
B) divisibility-the ease with which an asset can be used to make smaller payments.
C) liquidity-the ease with which an asset can be converted into cash.
D) storability-how long an asset will retain its value.
Correct Answer:
Verified
Correct Answer:
Verified
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