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

Question

Quizplus · Accepted Answer

Liquidity refers to how quickly and easily an asset can be converted into cash without significantly affecting its value. Fine art is less liquid because it may take time to find a buyer and the sale process can be lengthy. Stocks are more liquid as they can be sold quickly on the stock market. Currency is the most liquid asset because it is already in cash form and can be used immediately.

Which List Ranks Assets from Least to Most Liquid