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Given the list of assets below, which is the most liquid? $500 worth of General Motors common stock A $500 travelers check A one-ounce gold coin $500 worth of General Motors bonds

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sebastiansierraocm

Answer:

A $500 travelers check

Explanation:

A $500 travelers check is the most liquid asset because it can be directly exchanged for currency. In fact, travelers checks are so liquid that they are included in the money aggregate M1, the money supply measure that is the most liquid.

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