A liquid asset is
A)an asset that can easily and quickly be sold to raise cash.
B)a share of an ocean resort.
C)difficult to resell.
D)always sold in an over-the-counter market.

Question

Quizplus · Accepted Answer

A liquid asset is one that can easily and quickly be sold in the market to raise cash. This can include cash, stocks, bonds, and other securities that can be easily bought or sold in the market. The term "liquid" refers to the asset's ability to be quickly and easily converted into cash. Hence, option A is the correct answer.

A Liquid Asset Is