question 52 Which of the following is not a liquid asset? Select one: a. Money in...
question 52
Which of the following is not a liquid asset?
Select one:
a. Money in a savings account
b. Access to your credit card
c. Money in your chequing account
d. Cash in your pocket
Homework Answers
The correct answer is b. Access to your credit card
Note:
Liquid asset are those assets which can be readily converted to cash. Credit card is a line of credit extended by the financial institution. If credit card is utilized they become a liability to be paid and hence is not an asset.
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question 52
Which of the following is not a liquid asset?
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Which of the following is included in money supply (M1)? Select one: O a. The $200 check you wrote (or by using debit card) to purchase your textbooks. b. The $200 loan you arranged to purchase your textbooks. c. The $200 you charged on your credit card to purchase your textbooks d. The $200 in cash you used to purchase your textbooks.
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Disbursement float is created every time you: Select one: a. Transfer funds via the internet from your chequing account to your savings account. b. Mail a cheque to pay your rent. c. Deposit cash into your chequing account d. Receive a paycheque and deposit it in your chequing account.
Which of the following is the most liquid form of money? Group of answer choices credit...
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Disbursement float is created every time you Select one a Mail a cheque to pay your...
Disbursement float is created every time you Select one a Mail a cheque to pay your rent b. Transfer funds via the internet from your chequing account to your savings account Receive a paycheque and deposit it in your chequing account d. Deposit cash into your chequing account
This Question: 1 pt Which of the following is the most liquid asset? O A. currency...
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question 13,14,15,16 13. Which of the following is not an asset use transaction? A.Paying cash dividends...
question 13,14,15,16
13. Which of the following is not an asset use transaction? A.Paying cash dividends B. Paying cash expenses C. Paying off the principal of a loan D.Paying cash to purchase land 14. Which of the following cash transactions results in no net change in assets? A.Borrowing cash from a bank B. Issuing common stock for cash C. Purchasing land for cash D. Providing services for cash 15. Elektra Company purchases equipment for $1,200 and supplies for $400 from...
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Disbursement float is created every time you: Select one: a. Transfer funds via the internet from your chequing account to your savings account. b. Mail a cheque to pay your rent. c. Deposit cash into your chequing account d. Receive a paycheque and deposit it in your chequing account.
Disbursement float is created every time you Select one a Mail a cheque to pay your rent b. Transfer funds via the internet from your chequing account to your savings account Receive a paycheque and deposit it in your chequing account d. Deposit cash into your chequing account
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question 13,14,15,16
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