The most liquid type of asset is:
A) bills receivable.
B) cash.
C) investment in listed shares.
D) inventory.

Name: The most liquid type of asset is: A) bills receivable. B) cash. C) investment in listed shares. D) inventory.
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Question

Quizplus · Accepted Answer

Cash is the most liquid type of asset as it can be easily and immediately used for transactions or investments. Bills receivable and investment in listed shares may take some time to convert into cash, and inventory may take a considerably longer time to convert into cash.

The Most Liquid Type of Asset Is