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    Macroeconomics Understanding the Global Economy
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    Exam 12: Money and Prices
  5. Question
    The Ease with Which Assets Can Be Converted to Cash
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The Ease with Which Assets Can Be Converted to Cash

Question 24

Question 24

Multiple Choice

The ease with which assets can be converted to cash for transactions is called


A) convertibility
B) liquidity
C) float
D) seignorage
E) the substitution effect

Correct Answer:

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