An asset with great liquidity is one that
a. generates high transactions costs when liquidating.
b. is an excellent store of value.
c. acts as a unit of account.
d. can be converted into a medium of exchange with relative ease and speed.

D

Explanation:

Liquidity is an asset quality. It refers to the speed at which an asset can be sold or bought in a market. An asset is more liquid if it can be sold or bought at a quick speed, for intance, it does not generate high transaction costs. The most liquid asset example is cash. Eventhough, cash is a unit of account, there are other liquid assets that does not share this caracteristic such as shares.

A great liquidity does not represent in all cases assets that are excellent store of value. There are iliquid assets such as houses that are good store of value.

answer: 11/12

step-by-step explanation: 4 1/4 and 3 1/3 is equivalent to 4 3/12 and 3 4/12. 4 3/12 - 3 4/12 =11/12