Consider the relative liquidity of the following assets:
Assets
1.A $5 bill
2.The...
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Consider the relative liquidity of the following assets:
Assets
1.A $5 bill
2.The funds in a savings account
3.A boat you own
4.A bond issued by a publicly traded company
Select the assets in order of their liquidity, from most liquid to least liquid.
Asset
Most Liquid
Boat
$5.00 bill
Funds in a savings account
Bond
Second-Most Liquid
Funds in a savings account
Boat
$5.00 bill
Bond
Third-Most Liquid
Bond
Boat
$5.00 bill
Funds in a savings account
Least Liquid
Funds in a savings account
$5.00 bill
Bond
Boat
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