An investor who desired the ability to have quick and easy access to cash would prefer to hold which type of asset?
A)risky
B)liquid
C)tax free
D)any form of bond

Question

Quizplus · Accepted Answer

An investor who desires quick and easy access to cash should hold a liquid asset. Liquid assets are easily converted into cash without a significant price reduction or penalty, unlike risky assets that may be difficult to sell or come with high transaction costs. Tax-free assets and a specific form of bond are irrelevant to this question.

An Investor Who Desired the Ability to Have Quick and Easy