Assets that can be easily converted into money without loss of value are
A)transactions balances.
B)liquid.
C)currencies.
D)liabilities.

Question

Quizplus · Accepted Answer

Assets that can be easily converted into money without loss of value are known as liquid assets. Liquid assets include cash, marketable securities, and other short-term investments that can be readily converted to cash. These assets are important for individuals, businesses, and financial institutions to maintain financial stability and cover short-term cash needs.

Assets That Can Be Easily Converted into Money Without Loss