Since it does not have to be converted into anything else to make purchases,________ is the most liquid asset.
A)money
B)stock
C)artwork
D)gold

Question

Quizplus · Accepted Answer

Money is the most liquid asset because it is readily accepted as a medium of exchange and does not have to be converted into any other form to make purchases. Stocks, artwork, and gold may have value, but they are less liquid because they may require a lengthy process or specialized knowledge to sell or convert into cash.

Since It Does Not Have to Be Converted into Anything