If an asset is considered liquid,then it:
A)can be sold quickly for cash without much loss of value.
B)cannot be sold quickly for cash without much loss of value.
C)can be sold quickly for cash,but tends to lose value.
D)None of these is true.

Question

Quizplus · Accepted Answer

A liquid asset is an asset that can be easily sold for cash without much loss of value. Examples of liquid assets include cash, stocks and bonds, and other securities that can be readily converted into cash. This is in contrast to illiquid assets, such as real estate or collectibles, which may take longer to sell and may require significant effort to find a buyer.

If an Asset Is Considered Liquid,then It