Asked by Diante Pierce on Apr 25, 2024
Bottles of very fine wine are less liquid than demand deposits.
Demand Deposits
Balances in bank accounts that depositors can access on demand by writing a check.
Liquid
In financial terms, describes assets that can be easily converted into cash without much loss in value.
- Grasp the concept of liquidity and compare the liquidity of different assets.
Learning Objectives
- Grasp the concept of liquidity and compare the liquidity of different assets.