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Is a term to describe the ease with which an asset can be converted into the economy's medium of exchange?Definition of Liquidity: the ease with which an asset can be converted into the economy's medium of exchange. a. Money is the most liquid asset available.
How fast an asset can be converted into cash is referred to as?For a company, liquidity is a measurement of how quickly its assets can be converted to cash in the short-term to meet short-term debt obligations. Companies want to have liquid assets if they value short-term flexibility. For financial markets, liquidity represents how easily an asset can be traded.
Which term means the ability to turn an investment into cash quizlet?Liquidity. a measure of the ability to turn an asset into cash quickly.
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Which of these refer to the ease with which an asset can be converted into cash quizlet?
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