Ronald's car just died, and he needs to buy a new one very soon. He has investments, but it will take a while for him to get the cash from these investments. Ronald is having a _____ problem.

Question

Quizplus · Accepted Answer

Ronald is having a liquidity problem because he cannot quickly convert his investments into cash without potentially incurring losses or waiting for a significant period. Liquidity refers to how easily assets can be converted into cash.

Ronald's Car Just Died, and He Needs to Buy a New