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

Question

Quizplus · Accepted Answer

A liquid asset is one that can easily be converted into cash without significant loss in value. Cash in a savings account is readily accessible and can be withdrawn at any time without penalties or fees. The other options (swimming pool, real estate, and stock held in a retirement account) are not as easily converted into cash without incurring significant costs or penalties.

Which of the Following Is a Liquid Asset