Which of the following would increase your liquid assets?

Question

Quizplus · Accepted Answer

Making regular deposits to a savings account increases your liquid assets (cash or assets that can easily be converted to cash), which includes savings accounts, checking accounts, and money market accounts. Paying off a loan reduces your liabilities, but does not increase your liquid assets. Buying rental property and putting more of your salary in an RRSP do not increase your liquid assets as they are not easily convertible to cash.

Which of the Following Would Increase Your Liquid Assets