George has a large collection of hockey and baseball cards. His tuition bill is due next week, and he is thinking about selling his collection for the cash he can use to pay his tuition. What problem is he going to have?
A) his cards are illiquid
B) cards are not popular anymore
C) very few people use cash anymore
D) cards have depreciated in value

Question

Quizplus · Accepted Answer

The problem George is going to have is that his cards are illiquid, meaning that they are not easily converted into cash. This is because it can be difficult to find a buyer who is willing to purchase the cards at a fair price. While there may be some collectors who are interested in the cards, the market for trading cards is not as large as it once was, which makes it harder to find a buyer.

George Has a Large Collection of Hockey and Baseball Cards