Economic Terminology

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August 25, 2024 3 min read Definitions
ACID TEST: The Most Severe Test of Reliability
Finance Economic Terminology Financial Ratios Quick Ratio Business Analysis Liquidity Terminology
The term 'acid test' originally refers to a conclusive test for gold that differentiated it from other metals. In the financial context, it is synonymous with the quick ratio, a measure of a company's short-term liquidity.
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