Which of the following is the most liquid asset?

Question

Quizplus · Accepted Answer

A checking account balance is the most liquid asset as it can easily be converted into cash and used for transactions. Certificates of deposit and government bonds have maturity dates and may have penalties for early withdrawal, making them less liquid. Shares of corporate stock may require time and fees to sell and can experience fluctuations in value. And fine jewelry is a physical asset that may require appraisal and specialized buyers to sell, making it less liquid.

Which of the Following Is the Most Liquid Asset