The risk of a firm not being able to pay its bills on time is called [blank].
A)illiquidity
B)insolvency
C)capital inadequacy
D)float

Name: The risk of a firm not being able to pay its bills on time is called [blank]. A)illiquidity B)insolvency C)capital inadequacy D)float
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Question

Quizplus · Accepted Answer

Illiquidity refers to a firm's inability to meet its short-term financial obligations due to a lack of liquid assets, which can lead to difficulties in paying bills on time.

The Risk of a Firm Not Being Able to Pay