Which list ranks assets from most to least liquid?
A)currency,fine art,stocks
B)currency,stocks,fine art
C)fine art,currency,stocks
D)fine art,stocks,currency

Question

Quizplus · Accepted Answer

Currency is the most liquid asset as it can be easily converted to other forms of currency or used for transactions. Stocks are also quite liquid as they can be bought or sold quickly on stock exchanges. Fine art, on the other hand, is not easily convertible to cash and may require appraisal and auctions for sale, making it the least liquid among the options given. Therefore, choice B (currency, stocks, fine art) ranks assets from most to least liquid in the correct order.

Which List Ranks Assets from Most to Least Liquid