________ is the ease with which a financial security can be exchanged for another.

Question

Quizplus · Accepted Answer

Liquidity refers to the ability of a financial security to be easily converted into cash or another security. A highly liquid security is one that can be bought and sold quickly with minimal impact on its price. Therefore, the ease with which a financial security can be exchanged for another is a measure of its liquidity, making option C the best choice.

________ Is the Ease with Which a Financial Security Can