Whether an asset is "liquid" often depends on what situation you
are in. For each of the following pairs of assets, which is more
liquid in the particular setting?
A- You want to buy a new TV: A savings account, or currency?
B- You want to trade for a bologna sandwich in elementary
school: A bag of chips, or checkable deposits?
C- You want to buy a new house: Checkable deposits, or
currency?
D- You live in a postapocalyptic wasteland: rice, or
currency?
E- You are traveling across Europe during the Middle Ages: Gold
coins, or works of art?
F- You are an investment banker buying a corporation: U.S.
Treasury bonds or currency?
Whether an asset is "liquid" often depends on what situation you are in. For each of the following pairs of assets, whic
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