An asset that can easily be exchanged for goods and services is referred to as:

Question

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A liquid asset is one that can be easily converted into cash or used to purchase goods and services. Examples include cash, money market accounts, and stocks. Intangible assets, like patents or trademarks, cannot be easily exchanged for goods or cash. Wealth refers to the overall value of assets owned by an individual or entity, but does not necessarily imply that those assets are all liquid. Fixed assets, like buildings or equipment, are typically tangible but are not easily converted to cash. Immovable assets, like land or real estate, are also typically tangible but cannot be easily exchanged for goods or cash.

An Asset That Can Easily Be Exchanged for Goods and Services