Liquidity refers to how fast a(n)______can be converted to cash.
A)asset
B)liability
C)equity
D)debt

Name: Liquidity refers to how fast a(n)______can be converted to cash. A)asset B)liability C)equity D)debt
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Question

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Liquidity refers to how quickly an asset can be turned into cash. Assets include things like cash, investments, and inventory, all of which can be easily sold for cash. Liabilities, equity, and debt, on the other hand, cannot be converted into cash directly.

Liquidity Refers to How Fast A(n)______can Be Converted to Cash