What is meant by liquidity define liquidity and explain why, Ask an Expert

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What is meant by liquidity? Define liquidity and explain why it is an essential aspect of your household budgets immediate need or emergency fund ( 200 words). The USA used cash (paper money) as legal tender or fiat money. Define Fiat money (minimum 50 words) explain why it is a good ( 50 words) and bad ( 50 words)

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