If an asset cannot be sold quickly for cash without much loss of value, it is called:
A) illiquid.
B) liquid.
C) durable.
D) fixed.

Name: If an asset cannot be sold quickly for cash without much loss of value, it is called: A) illiquid. B) liquid. C) durable. D) fixed.
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Question

Quizplus · Accepted Answer

The term used in the given situation is "illiquid." Illiquid assets are those that cannot be easily converted into cash without much loss of value. Examples include real estate, art, and collectibles.

If an Asset Cannot Be Sold Quickly for Cash Without