An asset that without loss of value can be quickly converted into money:
A) is a liquid asset.
B) is nonexistent.
C) is housing.
D) must rise in value over time.

Question

Quizplus · Accepted Answer

A liquid asset is an asset that can be easily and quickly converted into cash without a significant loss of value. Common examples of liquid assets include cash, stocks, bonds, and mutual funds. These assets are considered to be highly liquid because they can be bought and sold quickly on the open market.

An Asset That Without Loss of Value Can Be Quickly