So what is cash? The question is difficult and profound. What distinguishes cash from any other value? Why, with few exceptions, can't one pay with value, only with cash? For a substance to become cash, it must be accepted by everybody as a payment. We are not going to go into the...
A liquid asset is cash on hand or an asset that can be easily converted to cash. In terms of liquidity, cash is supreme since cash as legal tender is the ultimate goal. Assets can then be converted to cash in a short time are similar to cash itself because the asset holder can quickl...
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Liquidity is a measure of how quickly an asset can be converted into legal tender. Cash is the most liquid of all assets. Short-term securities and assets in money market accounts follow. Less liquid assets include physical items like houses, cars, or jewelry. Though they can ultimately be ...
Wheneverthereisageneralandextensivedisturbanceofthismechanism,nomatterwhatitscause,moneybecomessuddenlyandimmediatelytransformed,fromitsmerelyidealshapeofmoneyofaccount,intohardcash.Profanecommoditiescannolongerreplaceit.Theuse-valueofcommoditiesbecomesvalueless,andtheirvaluevanishesinthepresenceofitsownindependentform.Onthe...
Is Cash still the King in China? What is Chinese money worth compared to other currencies? FAQs for preparing a trip to China: How much cash should I bring when I fly to China? Will my credit card be accepted? Can I use Travelers’ Checks? Can I tip my tour guide and driver with...
If only a rare precious metal was considered legal tender or barter was legal, the banks would no longer have the economic power they presently do. This is coercement, pure and simple. If you or I could lend ten times the cash we have, how would that affect our finances? How would th...
Selling your automobile for cash might be a quick and sensible answer whether it has been damaged in an accident, experienced technical breakdown, or has reached the end of its useful life. Although the thought of selling your car could be intimidating, the procedure of getting money for your...
Digital cash is legal tender that is instantly convertible into other forms of value without the intermediation of any third parties.A.正确B.错误的答案是什么.用刷刷题APP,拍照搜索答疑.刷刷题(shuashuati.com)是专业的大学职业搜题找答案,刷题练习的工具.一键将