Which of the following is the most liquid asset?

Question

Quizplus · Accepted Answer

Liquidity refers to how easily an asset can be converted into cash without a significant loss in value. A checking account balance is the most liquid asset because it can be accessed and withdrawn immediately without any penalty or loss in value. Classic art painting and commercial building are illiquid assets because they can take months or even years to sell and their value can be subjective. Savings bond and gold are relatively liquid, but still not as readily accessible as a checking account balance.

Which of the Following Is the Most Liquid Asset