Liquid

From CNM Wiki
Revision as of 17:17, 2 July 2020 by Kainat9 (talk | contribs) (Created page with "Liquid is readily convertible into the medium of exchange; easily used to make transactions. ==Definition== According to Macroeconomics by Mankiw (7th edition), :Li...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

Liquid is readily convertible into the medium of exchange; easily used to make transactions.

Definition

According to Macroeconomics by Mankiw (7th edition),

Liquid. Readily convertible into the medium of exchange; easily used to make transactions.