Liquidity refers to the ease with which an asset can be converted into the medium of exchange without a significant loss of value.Which of the following assets is the least liquid?

Question

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Real estate is typically the least liquid asset as it can take a significant amount of time and effort to sell, and there may be fewer buyers interested in purchasing the property at any given time. Currency, traveller's cheques, and chequable deposits are all relatively more liquid as they can be easily exchanged for other forms of currency or goods and services.

Liquidity Refers to the Ease with Which an Asset Can