An asset that can be converted quickly into cash at a low transaction cost is known as
A)a liquid asset.
B)deposits.
C)credit card
D)None of the above is correct.

Question

Quizplus · Accepted Answer

A liquid asset is an asset that can easily be converted into cash with low transaction cost, such as stocks, bonds or cash. Deposits may also be liquid assets, but credit card is not an asset, it is a liability.

An Asset That Can Be Converted Quickly into Cash at a Low