Question 991 liquidity, fungible
Which of the below statements about liquidity is NOT correct?
Compared to illiquid assets, highly liquid assets tend to have:
(a) Higher prices.
(b) Lower future required returns.
(c) Higher trading volumes and lower transaction costs.
(d) The property of being fungible.
(e) Slow selling times. They take a long time to sell since there aren't many buyers.
Copyright © 2014 Keith Woodward