An asset that can easily be exchanged for goods and services is referred to as:

Name: An asset that can easily be exchanged for goods and services is referred to as:
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Question

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A liquid asset is an asset that can easily be converted into cash without losing its value. Examples of liquid assets include cash, savings accounts, and stocks. These assets are considered more desirable than fixed assets, which are less easily converted into cash, or intangible assets, which may not have a tangible value.

An Asset That Can Easily Be Exchanged for Goods and Services