Author Question: An asset becomes more liquid and hence more money-like A) as its value relative to other goods ... (Read 204 times)

Sportsfan2111 · **on:** Jun 29, 2018

An asset becomes more liquid and hence more money-like

A) as its value relative to other goods approaches zero.
B) as its value relative to other goods becomes more uncertain and unpredictable.
C) as the cost of exchanging it for other goods approaches zero.
D) when it is demanded for its own intrinsic value.

Question 2

Refer to the scenario above. If Maria's opportunity cost of time increases to 80 per hour, the cost of driving to destination A is:

A) 480.
B) 730.
C) 800.
D) 970.