Liquid assets allow you to cover unplanned expenses without having to interrupt your long-term investments or liquidate any tangible assets.

Question

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Liquid assets are cash or easily convertible assets that can be used to cover unexpected expenses without having to sell off any long-term investments or tangible assets. Examples of liquid assets include savings accounts, money market funds, and stocks that can be easily sold on the stock market.

Liquid Assets Allow You to Cover Unplanned Expenses Without Having