In the list of assets below, which is the most liquid?
A) $500 worth of Ford Motors common stock
B) $500 worth of Ford Motors bonds
C) a $500 traveler's check
D) a one-ounce gold coin

Question

Quizplus · Accepted Answer

Traveler's checks are designed to be easily converted into cash, making them highly liquid. Stocks, bonds, and gold require a buyer and might not be as quickly or easily converted to cash without potential loss.

In the List of Assets Below, Which Is the Most