Which one of the following is a liquid asset?

Question

Quizplus · Accepted Answer

A liquid asset is an asset that can be easily and quickly converted into cash without significant loss in value. Money in a savings account is considered a liquid asset because it can be easily transferred or withdrawn in cash or through electronic means. A car, cash in an RRSP, and stock held in an investment account are not considered liquid assets as they may take time and effort to sell and may incur fees or losses in value during the process.

Which One of the Following Is a Liquid Asset