The ability to readily convert financial resources into cash without loss of value is referred to as:
A)bankruptcy.
B)liquidity.
C)investing.
D)saving.
E)opportunity cost.

Question

Quizplus · Accepted Answer

Liquidity refers to how easily assets can be converted into cash without significant loss in value. It's a crucial concept in finance, indicating the ease with which individuals or companies can meet their short-term obligations.

The Ability to Readily Convert Financial Resources into Cash Without