ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
An automobile is an asset, but it is not liquid because:
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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