How quickly an asset can be turned into cash is known as
A)liquidity.
B)liability.
C)net worth.
D)asset to Cash Ratio (ATC).

Question

Quizplus · Accepted Answer

Liquidity refers to the ability of an asset to be converted into cash quickly without impacting its market value. It is an important metric for investors and businesses to assess their ability to meet short-term obligations or unexpected expenses. Liability refers to the financial obligations that a company owes to others, net worth is the residual value of a company's assets after deducting liabilities, and Asset to Cash Ratio (ATC) is not a commonly used financial term.

How Quickly an Asset Can Be Turned into Cash Is