The Liquidity Property of Money Is the Property That Makes
The liquidity property of money is the property that makes money a good
A) store of value and a good unit of account.
B) medium of exchange and a good store of value.
C) medium of exchange and a good unit of account.
D) store of value and a good standard of deferred payment.
Which of the following is the most liquid asset?
B) Australian government bonds
C) A demand deposit account
D) A credit card account
A store of value is
A) an asset that can be used to transport purchasing power from one period of time to another.
B) a standard unit that provides a consistent way of quoting prices.
C) what sellers generally accept and buyers generally use to pay for goods and services.
D) the ability to buy something today but to defer payment to the future.
When a worker gets paid weekly but pays his bills at the end of the month,money functions as __________ during the month.
A) medium of exchange
B) unit of account
C) store of value
D) standard of deferred payment