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WAEC Economics 1988 Question 25

Question 25

Financial Institutions

Which of the following is the most liquid asset to a commercial bank?

  1. A.Money at call and short notice
  2. B.Treasury Bills
  3. C.Commercial Bills
  4. D.Stocks and Shares
  5. E.Cash.
Show the answer and explanation

Answer: E (Cash.)

Explanation

Cash is already money, so it is the most liquid of all assets.