If either the cost is high or a substantial amount of time is needed to convert an asset to money, it is usually referred to as which of these?

Question

Quizplus · Accepted Answer

If the cost is high or a substantial amount of time is needed to convert an asset to money, it is considered illiquid. Highly liquid assets can be converted quickly and easily, while perfectly liquid assets can be converted without any cost or delay. Near monies are assets that are not perfectly liquid but can be easily converted to cash.

If Either the Cost Is High or a Substantial Amount