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Consider the following liquid assets:

  1. Demand deposits with the banks
  2. Time deposits with the banks
  3. Savings deposits with the banks
  4. Currency
The correct sequence of these assets in the decreasing order of liquidity is

1 � 4 � 3 � 2
4 � 3 � 2 � 1
2 � 3 � 1 � 4
4 � 1 � 3 � 2
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