If an asset can be obtained or disposed of without much risk of losing its nominal value, it is said to be
A)fiduciary.
B)liquid.
C)wealth.
D)valuable.

Question

Quizplus · Accepted Answer

A liquid asset can be easily converted into cash without losing its nominal value or with minimum risk of loss. Fiduciary relates to trust or confidence, wealth is a measure of the value of assets owned, and valuable refers to an asset having worth or utility. Therefore, the best choice for this scenario is option B.

If an Asset Can Be Obtained or Disposed of Without