Which of the following is an example of a liquid asset?
A) A mutual fund
B) Stocks
C) An automobile
D) Land
E) A savings account

Question

Quizplus · Accepted Answer

A savings account is a type of liquid asset because it can easily and quickly be converted into cash without losing much value. Mutual funds, stocks, automobiles, and land are not considered liquid assets because they are not as easy to convert into cash quickly without incurring potential costs or losing value.

Which of the Following Is an Example of a Liquid