Which of the following assets is the most liquid?

Question

Quizplus · Accepted Answer

The most liquid asset is the one that can be easily converted into cash without significant loss of value. An amount receivable from a customer for a service provided is a form of accounts receivable, which is a highly liquid asset as it can be easily collected and converted into cash. The other options, such as an office building or manufacturing plant, are not easily convertible into cash and therefore less liquid. The electric saw and patent may have some level of liquidity, but are still less liquid than accounts receivable.

Which of the Following Assets Is the Most Liquid