Your _____ is an example of a liquid asset.
A) home
B) car
C) checking account
D) charge account
E) life insurance cash value

Question

Quizplus · Accepted Answer

A liquid asset is an asset that can easily be converted to cash without loss of value. A checking account is an example of a liquid asset because you can withdraw cash or use a check to make a purchase without any loss of value. The other options (home, car, charge account, life insurance cash value) are not as easily converted to cash without some loss of value or additional steps.

Your _____ Is an Example of a Liquid Asset