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12. Liquid assets refer to: A. amounts that must be paid soon. B. cash and other items that are easily converted to cash. C. total

12. Liquid assets refer to:

A. amounts that must be paid soon.

B. cash and other items that are easily converted to cash.

C. total income available to a family for spending.

D. the value of investments.

E. amounts on which taxes must be paid.

16.

The face value of a Series EE U. S. Savings Bond refers to the:

A. original purchase price minus ten percent

B. redemption value at maturity

C. effective yield of the bond

D. monthly interest accrual amount

E. taxable portion of the accrued interest

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