Which of the following assets is the most liquid?

Question

Quizplus · Accepted Answer

E) An amount receivable from a customer for a service provided is the most liquid asset among the options. Liquidity refers to how quickly and easily an asset can be converted into cash without significant loss in value. Amounts receivable are typically due within a short period and can be easily converted into cash, making them highly liquid compared to physical assets like buildings, equipment, or patents, which require more time and effort to sell.

Which of the Following Assets Is the Most Liquid