Ranking assets in terms of their liquidity
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Rank the following assets in terms of their liquidity. From least to most liquid: cash, savings deposits, gold, a house, a rare painting, a checkable deposit. Explain you rank order.
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Ranks a set of assets in terms of their liquidity.
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Rank the following assets in term of their liquidity. From least to most liquid: cash, savings deposits, gold, a house, a rare painting, a checkable deposit. Explain you rank order.
Answer:
cash
a checkable deposit
savings deposits
gold
a house
a rare ...
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