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You have managed to save $1,200 over the last year and your savings ratio is 2%. If your liquid assets equaled $10,000, what was your

You have managed to save $1,200 over the last year and your savings ratio is 2%. If your liquid assets equaled $10,000, what was your liquidity ratio?

  1. 2.00 months
  2. 2.04 months
  3. 2.06 months
  4. 2.08 months

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