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WAEC Economics 2001 Question 34

Question 34

Money and Inflation

Which of the following is the most liquid asset?

  1. A.Bank notes
  2. B.Silver
  3. C.Bank deposit
  4. D.Cheques
Show the answer and explanation

Answer: A (Bank notes)

Explanation

Liquidity is how quickly an asset can be used to pay without loss; cash (bank notes) is already money.