Which concept describes the ease with which an asset can be quickly converted into money without losing its value?
A) solvency
B) opportunity cost
C) liquidity
D) moral hazard

Question

Quizplus · Accepted Answer

Liquidity refers to the ability of an asset to be quickly and easily converted into cash without losing its value. Solvency refers to the ability of an individual or business to meet its financial obligations. Opportunity cost is the cost of choosing one option over another. Moral hazard refers to the risk that an individual may take greater risks because they are protected against the potential negative consequences.

Which Concept Describes the Ease with Which an Asset Can