Given the list of assets below, which is the most liquid?
A) a one- ounce gold coin
B) a $500 traveler's check
C) $500 worth of General Motors bonds
D) $500 worth of General Motors common stock

Question

Quizplus · Accepted Answer

The most liquid asset is one that can easily be converted into cash without significant loss in value or time delay. Traveler's checks can be quickly and easily cashed at most banks or exchanges, while gold coins, bonds, and stocks require more effort and time to convert into cash.

Given the List of Assets Below, Which Is the Most