Money is the most liquid asset available because
A)it is a store of value.
B)it is a medium of exchange.
C)it is a unit of account.
D)it has intrinsic value.

Question

Quizplus · Accepted Answer

Money is considered the most liquid asset available because it is widely accepted as a medium of exchange. This means that it can easily be used to purchase goods and services without any complications, unlike other assets such as property or stocks. While money does serve as a store of value and unit of account, it is the availability and ease of use as a medium of exchange that makes it the most liquid asset. Money does not have intrinsic value, as its worth is based on the trust and confidence people have in the currency and economy.

Money Is the Most Liquid Asset Available Because