Problem
The text describes consols (non-maturing bonds) as ‘relatively illiquid'- relative to money.
(a) Why are they ‘relatively illiquid'?
(b) Rank them in terms of liquidity among the following range of assets: money, houses, jewellery, treasury bills, gold bullion, long-term bonds maturing in one year's time, life insurance policies.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.