Liquidity refers to how quickly and easily an asset can be converted into cash or a means of payment without significant loss of value. Choice B accurately describes this concept.

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-Liquidity Is the

Question 81

Multiple Choice

-Liquidity is the A) degree to which an asset acts as money without a loss of value. B) ease with which an asset can be converted into a means of payment with little or no loss of value. C) degree to which money can be converted into an asset with little or no loss of value. D) ease with which credit cards are accepted as a means of payment.
-Liquidity is the

A) degree to which an asset acts as money without a loss of value.
B) ease with which an asset can be converted into a means of payment with little or no loss of value.
C) degree to which money can be converted into an asset with little or no loss of value.
D) ease with which credit cards are accepted as a means of payment.

Correct Answer: