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When interest rates are close to zero, the least risky liquid asset is: A. Reserves, because there is no credit risk. B. Short term

When interest rates are close to zero, the least risky liquid asset is: A. Reserves, because there is no credit risk. B. Short term treasury, because they are less sensitive to interest rate changes. C. Reserves, because they have zero maturity. D. Stocks, because they have zero maturity.

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