A(n)____ asset is one which can be quickly converted into cash without significant loss in value.
A)tangible
B)fixed
C)intangible
D)liquid
E)long-term

Name: A(n)____ asset is one which can be quickly converted into cash without significant loss in value. A)tangible B)fixed C)intangible D)liquid E)long-term
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Question

Quizplus · Accepted Answer

A Liquid asset is easily convertible to cash without significant loss in value. Examples of liquid assets include cash, stocks, and bonds.

A(n)____ Asset Is One Which Can Be Quickly Converted into Cash