Which one of the following is a liquid asset?
A)Cash in a savings account
B)A swimming pool
C)Real estate
D)Stock held in an IRA

Question

Quizplus · Accepted Answer

Cash in a savings account is considered a liquid asset because it can be easily and quickly converted into cash, making it readily available for immediate use. The other options listed - a swimming pool, real estate, and stock held in an IRA - are not considered as liquid assets as they cannot be easily converted into cash without significant time and effort.

Which One of the Following Is a Liquid Asset