If an asset can be disposed of without much risk of losing its nominal value, it is said to be
A) fiduciary.
B) liquid.
C) worthless.
D) valuable.

Question

Quizplus · Accepted Answer

If an asset can be easily sold or converted to cash without the risk of losing its nominal value, it is considered to be liquid. This means that it is a valuable asset that can be turned into cash quickly and used for other purposes.

If an Asset Can Be Disposed of Without Much Risk