Which of the following would increase your liquid assets?
A) Buying a new car
B) Making regular deposits to a savings account at your bank
C) Buying rental property
D) Putting more of your salary in a retirement account

Question

Quizplus · Accepted Answer

Making regular deposits to a savings account at your bank would increase your liquid assets, as liquid assets refer to the cash or assets that can be quickly and easily converted to cash, and a savings account provides easy access to cash when needed. Buying a new car, buying rental property, and putting more of your salary in a retirement account would not increase your liquid assets as they are either illiquid or not easily accessible without significant penalties or procedures.

Which of the Following Would Increase Your Liquid Assets