Given the list of assets below, which is the most liquid?
A)$500 worth of General Motors common stock
B)$500 worth of General Motors bonds
C)A $500 travelers check
D)A one-ounce gold coin

Question

Quizplus · Accepted Answer

A travelers check is the most liquid because it can easily be redeemed for its full value at a variety of locations, whereas the stocks and bonds might have to be sold to obtain their full value, and the gold coin would have to be appraised and sold.

Given the List of Assets Below, Which Is the Most