An asset that can be quickly converted into cash without significant loss in value is referred to as being:
A)marketable.
B)tangible.
C)intangible.
D)liquid.
E)fixed.

Question

Quizplus · Accepted Answer

Liquid assets are those that can be easily converted into cash without significant loss in value. This includes assets such as stocks and bonds, as well as cash and cash equivalents like savings accounts or money market funds. Marketable assets may also be easily sold, but they may still experience fluctuations in value. Tangible and intangible assets are not necessarily quickly convertible to cash. Fixed assets are typically not considered liquid as they are designed to be held for longer periods of time.

An Asset That Can Be Quickly Converted into Cash Without