Katherine Kocher has determined the following information about her own financial situation.Her checking account is worth $850 and her savings account is worth $1,200.She owns her own home that has a market value of $98,000.She has furniture and appliances worth $12,000 and a home computer and laptop worth $3,300.She has a car worth $12,500.She has recently purchased a mutual fund worth $5,500 and she has a retirement account worth $38,550.What is the value of her liquid assets?

Question

Quizplus · Accepted Answer

Liquid assets are those that can be quickly converted to cash. In this case, Katherine's liquid assets are her checking account ($850) and her savings account ($1,200), totaling $2,050.

Katherine Kocher Has Determined the Following Information About Her Own