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The Ease with Which an Asset Can Be

Question 3

Multiple Choice

The ease with which an asset can be


A) traded for another asset determines whether or not that asset is a unit of account.
B) transported from one place to another determines whether or not that asset could serve as fiat money.
C) converted into a store of value determines the liquidity of that asset.
D) converted into the economy's medium of exchange determines the liquidity of that asset.

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