_______ is the measure of goods at any point in time.
Assets
Stock
Liability
None of these
Stock is the measure of goods at any point in time.
Every financial institution has to maintain a certain quantity of liquid assets with themselves at any point of time of their total time and demand liabilities. These assets have to be kept in non-cash form such as precious metals, approved securities like bonds etc. The ratio of the liquid assets to time and demand liabilities is termed as _____.
Any transaction which either increases liability or decreases assets is a ____________.