Question 18
MediumOriginal questionRead the two statements and choose the correct option.
I. Money as a store of value has the advantage that it can be used at once to buy anything.
II. Land and gold can also store value, but they may be hard to sell quickly at a fair price.
Show the answer and explanation
CorrectNot quiteAnswer C
Correct answer: C
Explanation
Money is the most liquid asset. I is true.
Other assets store value but are less liquid. II is true.
- Concept
- Liquidity
- Typical timeTypical
- 70 s
- Your timeYours
- —
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