Which of the following assets has the lowest liquidity?

Question

Quizplus · Accepted Answer

Liquidity refers to how quickly and easily an asset can be converted into cash without significantly affecting its price. U.S. Treasury bills, bonds issued by GM, and common stock issued by Apple Inc. are all highly liquid due to their strong market presence and high demand. In contrast, common stock issued by a small but financially strong firm would typically have lower liquidity due to less market presence and demand, making it harder to sell quickly without affecting its price.

Which of the Following Assets Has the Lowest Liquidity