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Rank the following assets from MOST Liquid (1) to LEAST Liquid (8): Gold _____ Common Stock _____ Houses _____ Houses _____ Checking Account _____ Automobiles

Rank the following assets from MOST Liquid (1) to LEAST Liquid (8):

Gold _____

Common Stock _____

Houses _____

Houses _____

Checking Account _____

Automobiles _____

Currency _____

Camels _____

Explain why your FIRST choice is the MOST liquid and why your LAST choice is the least liquid.

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