Question 20 An automobile is an asset, but it is not liquid because: Answer a. The automobile may not be in good repair b. The owner may still be making payments on the loan c. The automobile cannot be sold without a loss in value d. The transactions costs for the used automobile market are high

Question 20
An automobile is an asset, but it is not liquid because:
Answer
a. The automobile may not be in good repair
b. The owner may still be making payments on the loan
c. The automobile cannot be sold without a loss in value
d. The transactions costs for the used automobile market are high

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