Given the list of assets below,which is the most liquid?
A)$500 worth of General Motors common stock
B)$500 worth of General Motors bonds
C)a $500 traveler's cheque
D)a one-ounce gold coin

Question

Quizplus · Accepted Answer

The most liquid asset is the traveler's cheque as it can be easily converted into cash without any significant loss in value. The common stock and bonds may take time to sell and may fluctuate in value depending on market conditions. The gold coin is also not as liquid as the traveler's cheque as it may need to be appraised and sold to a dealer or collector.

Given the List of Assets Below,which Is the Most Liquid