A ____________is an example of a liquid asset.
A)fixed deposit of three years
B)savings account
C)recurring deposit of two years
D)retirement account

Question

A ____________is an example of a liquid asset. ​
A)fixed deposit of three years
B)savings account
C)recurring deposit of two years
D)retirement account

Quizplus · Accepted Answer

A savings account is a liquid asset because the funds can be easily withdrawn without any penalty or loss in value. Fixed deposits and recurring deposits have a set maturity period, and withdrawals before maturity can result in a penalty or loss in interest. Retirement accounts also have restrictions on withdrawals, making them less liquid.

A ____________Is an Example of a Liquid Asset